The Unusual Mortgages Guide to Credit Scoring & Credit Checking …

As one of the UK’s most experienced Mortgage Brokers and an absolute specialist in Complex and Unusual cases, I’ve seen almost every scenario that you could possibly imagine in regards to difficult mortgage applications. When trying to place “Unusual Mortgages”, we have a sixth sense as to whether a mortgage application will be accepted by a lender.

The latest news is that Mortgage Lending has been restricted even further with some of the recent cases that we have encountered. There are several ways that Mortgage lenders can restrict lending and one of the most common is to tighten their criteria around credit scoring and credit checking.

Here’s a handy guide to Credit Scoring & Credit Checking …

Credit Scoring

This is where a Mortgage Lender uses your data and electronic credit file to score points. They will use several factors like your current residential status, employment situation, current credit card balances, payment history and mortgage track record to predict your future behaviour. (At this moment in time too many Mortgage Lenders are “Cherry Picking”!) 

Credit Checking

All mortgage lenders will look at your electronic credit file to check your past behaviour with any contractual or financial commitments. They will definitely be looking at your past payment history, outstanding credit card balances and personal loans that you may have in place. (Mortgage Lenders see everything, so don’t even think about non-disclosing!)

Credit Card Balances

There has been a trend lately of Mortgage lenders declining to lend to people with “significant” unsecured debts like credit cards, personal loans and car finance. They are more likely to decline a Mortgage application if your outstanding credit card balances are over 50% of the approved limit. (So, your credit cards could be well managed and you still can be declined!)

Pay Day Loans

Mortgage lenders are highly likely to decline your application outright if you have recent activity with a pay day loan provider, even if the money was paid back on time. They view this as a sign that the person is unable to manage their current finances and are therefore unlikely to be able to manage a mortgage payment. (Mortgage Applicants should avoid Pay Day Loans at all costs!)

Adverse Credit 

Many of the major lender groups will decline an application if there is any recent late payment history and especially if there are any past arrears, defaults or county court judgements. Those who have had bankruptcy or IVA’s in the past are almost certain to be declined by major high street banks at this moment in time. (Seek advice from a specialist broker, who will have more viable options than exist on the high street!)

Improve Your Chances

If you have adverse credit on your credit file within the last six years, then seek advice before applying for mortgages, as any declined applications or multiple applications, will have a further adverse effect on your  chances of getting a mortgage. If you have equity, or a deposit, then it may still be possible to attract a lender, even with adverse credit. (Improve your chances by speaking to a specialist in Unusual Mortgages who know’s about adverse credit mortgages!) 

Unusual Mortgages are one of the UK’s most experienced financial advisers at finding mortgages for both employed and self employed people, who are finding it difficult to acquire finance. We have specialist knowledge of Credit Scoring, Adverse Credit, Self Employed Income, Multiple Mortgages, Expatriate Mortgages, Buy To Let (with or without Income Verification), Minimum Income Requirements.

We are brokers that work closely with lenders that manually assess applications and offer a greater degree of flexibility for applicants and they may accept applicants with some past adverse credit history. We also work with a number of Mortgage lenders that have no minimum income requirements and verification on Buy To Let Mortgages. If you are finding it difficult to get a mortgage, then give us a call to discuss your requirements.

Unusual Mortgages are currently conducting “The Unusual Mortgage Consumer Survey 2016″ and would appreciate if you would take just two minutes to give us your views on the Mortgage Market for both Employed and Self Employed people.

If you require more information on Complex Mortgages, Buy to let, Self Employed or Executive Mortgages you can contact Unusual Mortgages on UK 0845 474 3075 or International +44 1404 45397, email at

This entry was posted in Adverse Credit Mortgages, Arrears, Bankruptcy & IVA, Buy to Let, Complex Mortgages, County Court Judgments, Credit Checking, Credit Scoring, Defaults, Let to Buy Mortgages, Million Pound Mortgages, Mortgage Survey, Multiple Mortgages, No Proof of Income Mortgages, Re Mortgages, Self Certified Mortgages, Self Employed Mortgages, Unusual Mortgages. Bookmark the permalink.

    Unusual Mortgages are specialist Independent Mortgage Advisers who are highly experienced in advising clients in Later Life Lending. Including Buy To Let Mortgages, End of Mortgage Term, Interest Only Mortgages Ending, Mortgage Term Ending.

    Our lead financial adviser Chris Morgan has 30 years of experience in Banking, Finance and Mortgage Advice.

    We have strong relationships with many off high street lenders, such as private banks, specialist banks, niche lenders and complex mortgage providers. Many offer exclusive products, that are tailored bespoke for clients and are only offered through financial advisers like ourselves.

    These are many of the areas in which we are able to offer advice. If you have a Mortgage Issue we can assist you with and it’s not on our A-Z of Mortgage Issues then please give us a call for us to for advice.

    A-Z of Mortgage Issues 

    • Adviser (Buy To Let, End of Mortgage Term, Interest Only Mortgage Ending & Marquee properties (Title Deed Issues, Two Kitchens – See sections below)
    • Braford & Bingley (End of Mortgage Term)
    • British Expat Mortgages
    • Buy to Let (Above Commercial Premises)
    • Buy To Let (Capital Raise)
    • Buy To Let (Declined High Street)
    • Buy To Let (End of Mortgage Term, also see End of Mortgage Term, Bradford & Bingley, Mortgage Express, Rosalite Mortgages, Rosinca Mortgages, Siberite Mortgages)
    • Buy To Let (Expat Products)
    • Buy To Let (Incomplete Proof of Income)
    • Buy To Let (Interest Only)
    • Buy to Let Mortgage (Impact of Tax Status)
    • Buy to Let (Minimum Proof of Income)
    • Buy To Let (Multiple Mortgages)
    • Buy To Let (No Minimum Income)
    • Buy To Let (Portfolio Landlords)
    • Buy  To Let (Rental Stress Test)
    • Cerburus Mortgages (End of Mortgage Term)
    • Citi Mortgages (End of Mortgage Term)
    • Complex Income Situations
    • Complex Mortgages
    • Country Properties (Marquee Properties Large Acreage)
    • Debt Consolidation
    • Declined High Street Lender (End of Mortgage Term)
    • End of Mortgage Term (Bradford & Bingley, Cerburus Mortgages, Citi Mortgage, GMAC Residential Funding, Halifax Mortgages, Heliodor Mortgages, Intelligent Finance, Jasper Mortgages, Landmark Mortgages, Mortgage Express, Northern Rock, Roselite Mortgages, Rosinca Mortgages, Seberite Mortgages, Topaz Mortgages, UCB Home Loans, UK Asset Resolution. Whilstree, TSB)
    • Equity Based Lending (End of Mortgage Term)
    • Exit Route – (End of Mortgage Term)
    • Expat Mortgages
    • Foreign Currency Income
    • GMAC Residential Funding (End of Mortgage Term)
    • Halifax Mortgages – (End of Mortgage Term – Interest Only)
    • Heliodor Mortgages – (End of Mortgage Term)
    • High Income Mortgages (Marquee Properties)
    • Higher Rate Tax Payer Rental Calculation (Buy To Let)
    • High Street Lender (End of Mortgage Term – Interest Only Exit Route)
    • High Value Mortgages (Marquee Properties)
    • Incomplete Proof of Income (SA302 & Self Employed)
    • Interest Only Mortgage (Buy To Let)
    • Interest Only Mortgage (Down Sizing Strategy)
    • Interest Only Mortgage (Exit Strategy)
    • Interest Only Mortgage (Later Life Lending)
    • Interest Only Mortgage (Term Ending, See End of Mortgage Term)
    • Impact of Tax Status (Buy To  Let Calculations)
    • Jasper Mortgages (Buy To Let End of Mortgage Term)
    • Kitchens (Multiple In One Property)
    • Landlord Mortgages
    • Landmark Mortgages (End of Mortgage Term)
    • Late Payments On Credit Record
    • Let to Buy Mortgages
    • Listed Properties
    • Marquee Properties (Two Properties, with Dual Title Deeds, Two Kitchens & Rural Properties With Acreage) 
    • Million Pound Mortgages
    • Minimum Proof of Income
    • Missing Proof of Income
    • Mixed Use Property
    • Mortgage Deeds (Two Properties, One Title)
    • Mortgage Term Ending (See End of Mortgage Term above)
    • Multiple Income Sources
    • Multiple Kitchens (One Property)
    • Multiple Mortgages
    • Multi Unit Properties (Multi Properties, One Title)
    • Mortgage Express (Buy To Let End of Mortgage Term)
    • Mortgage Rejected (By High Street Lender)
    • No Minimum Income (Buy To Let)
    • Northern Rock (End of Mortgage Term)
    • Nurses Income (Agency and Bank Hours – Only where declined by High Street Lender)
    • Portfolio Landlords
    • Professional Mortgages
    • Proof of Income (Problems meeting lender criteria)
    • Property Income (Problem meeting lender criteria)
    • Re Mortgages (Capital Raising)
    • Rosalite Mortgages (End of Mortgage Term)
    • Rosinca Mortgages (End of Mortgage Term)
    • Rural Properties (Mixed Use Properties)
    • SA302 Income Proof (Problems Producing Proof of Income)
    • Self Employed Income
    • Self Employed Mortgages.
    • Siberite Mortgages (Buy To Let End of Mortgage Term)
    • Stress Testing Portfolio’s
    • Split Title Deeds (Annex and House)
    • Thatched Roof Properties
    • Title Deed Issues (Multi Units One Title, Marquee Properties, Rural Properties With Acreage, Two Kitchens)
    • Topaz Mortgages (Buy To Let End of Mortgage Term)
    • Two Kitchens (One Property)
    • UCB Mortgages (End of Mortgage Term)
    • UK Asset Resolution (End of Mortgage Term)
    • Utilising Other Income
    • Utilising Property Income
    • Willstree Mortgages (End of Mortgage Term)

    We have only a few types of mortgages where we do not offer advice

    • Auction Property
    • Bridging Loans (Unless the borrower is looking for an Exit Route)
    • Contract Races
    • Guarantor Mortgages
    • Help To Buy
    • New Build Property (Unless the property is already built and ready to move into)
    • Shared Ownership

    Lead Financial Adviser Chris Morgan, FPC, CeMap, CeRER. 

    Chris Morgan is the Lead Financial Adviser at Unusual Mortgages with over 30 years experience in Banking, Financial, Insurance and Mortgage Industries. He has worked for three major banks in his career – Lloyds, HSBC and Barclays.

    He is the former resident financial adviser for Barclays Regent Street, Liberty’s and Mayfair group of branches and been an Independent Financial Adviser since March 1999, when he created his own advisory practice Compass in Soho London. He has also been the Lead Financial Adviser at Unusual Risks and Unusual Mortgages, since 2009.

    He is a former Financial Adviser of the Year, Barclays Young Business Person of the Year and finalist in the FT Adviser Mortgage Adviser of the Year contest.

    He has also won a host of other community and industry awards for his consumer facing work within the finance industry.

    Chris has recently been shortlisted at The European Diversity Awards for Barclays Campaigner of Year. This is for his work as a Diversity Leader within the UK Financial Services Industry.


    Authorised and regulated by The Financial Conduct Authority. Please note most Buy to Let mortgages are not regulated by The Financial Conduct Authority.

    Fees will apply for mortgage advice. We charge a set fee of between £1295 and £1495 per mortgage application, dependent on the amount of work involved, the type of mortgage you are applying for and any commission we receive from the lender on completion of your mortgage. Please contact us for a specific quotation.

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