Two exclusive mortgage products have been launched to support the partnership: a five year fixed Credit Flex mortgage, and a two year discounted Specialist mortgage.
Credit Flex is for first and next time buyers, and for people who are seeking to remortgage. It is designed to help people who are suffering the fallout of adverse credit. In addition to missed priority debt repayments, we consider borrowers with a history of CCJs, IVAs, and even bankruptcy.
The Specialist product supports people who have a challenging combination of adverse credit and non-standard income requirements. It additionally features a x5.5 multiple for non-standard income patterns, including the self-employed, with no minimum income requirement.
The Society’s partnership with Complete FS comes at a time of increased focus within the mortgage sector on solutions for clients with adverse credit.
Jack Jordan, our Assistant Product Manager, said: “Eight months ago, Which? reported that 700,000 households had missed their rent or mortgage payment in the previous month, and all of us in the industry are aware of the continuation of that trend into 2024. Not only that, missed credit payments is one of the most-searched terms by brokers. This partnership aims to meet the new year’s biggest mortgage challenges head-on, with deal-closing solutions.”
