Hinckley and Rugby Building Society has updated its product and criteria, the details are below. These products are available through our direct to lender mortgage club so contact us for more information on how our club can support your business.
We’re enhancing criteria on our Credit Flex product range
As of today, we have updated the criteria on our Credit Flex range, a flexible mortgage product designed to meet the needs of a range of borrowers with adverse credit histories. This includes borrowers with CCJs, debt management plans, IVAs, payday loans as well as those who have missed payments on utility bills, credit cards, mortgages or secured loans.
The new criteria simplifies underwriting requirements, and in many cases extends criteria to cover a wider range of borrowers.
The changes impact the following, and more:
• Credit Card, Current Account, Utility Payments
• Payday loans
• Mortgage payments
• CCJs
The criteria updates reflect ongoing challenges in the market and have been made in response to feedback from brokers. Click below to learn more.