31 May 2017
The Society will not normally consider lending to an applicant(s) who has:
- owned a property which has been subject to a shortfall sale or taken into possession by a lender, either as a result of a voluntary arrangement or by court action;
- failed to keep up payments under a mortgage or any other loan in the last two years;
- had a county court judgement registered against them in the last three years;
- been declared bankrupt or made arrangements with their creditors within the last 6 years;
- defaulted on any credit accounts in the last two years.
The Society will not consider lending for debt consolidation purposes to credit impaired applicants.