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Vida Homeloans
Joined 22/03/22
Posts 26
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Criteria wrap-up: Adverse
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Here's a wrap-up of our adverse criteria and how we can help your specialist customers to get life moving.
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No limit on the value of CCJs (County Court Judgements).
Vida 6 allows 0 CCJs in last 6 months.
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Arrears and Missed Payments
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Telecom and utility missed payments ignored when assessing adverse tier.
All historic secured arrears must have been made up to date for at least 6 months prior to application.
Combined value of missed unsecured payments in the last 6 months, £500 for Vida 24 and Vida 6, £250 for Vida 36.
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Applicants with bankruptcy, IVA, DRO allowed 3 years after discharge.
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Debt Management Plans (DMPs)
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Debt Management Plan considered, subject to satisfactory affordability and conduct checks.
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Should your customer fall outside our three Credit Tiers, we may still be able to help! Our 15 Packager Partners have access to an exclusive credit tier and products. Take a look here.
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Let's get life moving for you and your customers.
Take a look at our lending criteria or download our criteria guide:
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V-Hub has the answer!
Get in touch with the V-Hub, where you can speak directly to an Underwriter.
Call: 03300 246 246
email: v-hub@vidahomeloans.co.uk
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