Virgin Money to Accept CCJ’s & Defaults
Virgin Money have announced a change to lending policy around missed payments, CCJ’s and Defaults.
Subject to credit score they will now consider mortgage applications from customers with CCJ’s up to £500 and Defaults up to £2,000. The debts will need to be satisfied and if they are over £500 they must have been registered over 3 years ago, but this is a bit step forward for a main stream lender.
This is particularly useful if you have a recent small debt of less than £500 that was missed due to moving home or a dispute.
If you have missed payments and you are looking for a mortgage get in touch 0330 400 4242
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP THE REPAYMENTS ON YOUR MORTGAGE.