You are here:
Forum
>
ADVISER FORUM
>
PROVIDER FORUM
>
Vida Homeloans
>
Criteria wrap-up: Adverse - Active Debt Management Plans considered at same price points
>
Report topic or post
Report topic or post
If you feel like the content shown below has broken cherry's rules, please click the "Report to cherry" button at the bottom to let us know why.
|
Criteria wrap-up: Adverse
|
Here's a wrap-up of our adverse criteria and how we can help your specialist customers to get life moving.
|
|
|
|
|
|
|
|
|
|
No limit on the value of CCJs (County Court Judgements).
Vida 6 allows 0 CCJs in last 6 months.
Vida Packager tier will consider CCJs within last 6 months.
|
|
|
|
|
Arrears and Missed Payments
|
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.
Values outside of these will be considered on Packager tier.
|
|
|
|
|
|
|
Applicants with bankruptcy, IVA, DRO allowed 3 years after discharge.
1 year + on Packager tier.
|
|
|
|
|
Debt Management Plans (DMPs)
|
Debt Management Plan considered, subject to satisfactory affordability and conduct checks.
|
|
|
|
|
|
Let's get life moving for you and your customers.
Take a look at our lending criteria or download our criteria guide:
|
|
|
|
| |
|
|
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
|
|
|
|
|
|
