The applicant had a default on their credit card registered over 5 years ago, so was 
 outside of Accord's lending policy.
What did we do?

The applicant had couple of missed payments on a secured loan within the last  12 months which was impacting their application.

 A joint application for home movers purchasing a property at 85% LTV with a 
 £140,000 loan amount. The credit file showed adverse credit in recent years for 1 applicant.

 This single application was for a property value of £180,000 and a loan amount of £140,000  The client had 1 default for under £500 registered within the last 4 years, which is outside Accord’s lending policy.

Sole application for a first-time landlord with no income.  The applicant was retired without a pension income and didn’t own a  residential property.

The applicant and his brother were left a property after the death of his father. The applicant wanted to buy out their brother’s share and rent it out as a BTL.

The applicant was a nurse who decided they needed a more flexible work life balance and changed to working via an agency without guaranteed contracted hours.

The applicant was a trainee HGV driver who had recently started their role. They had a fixed term contract for 6 months and after 6 months, when fully qualified, a permanent contract would be provided.

 A joint application for first-time buyers purchasing a property at 90% LTV, with a 
 loan amount of £350k. One applicant had a default registered as well as several missed and late payments on unsecured credit.

A joint purchase with a deposit of £260k and purchase price of £950k, a loan required of £690k using just one income. Both clients had a current mortgage.

First-time buyer application at 85% LTV, for a new partner in a GP Practice. The applicant was employed in the practice on £80,000 pa  and was made a partner a month before application.

A joint application for home movers with a loan amount of over £1 million.
 Applicant 1 had moved employed roles recently, and the current income wasn’t enough  to cover the loan amount.

The applicant who had inherited a property from their parents was re-mortgaging to us from another lender. They had only been residing in the property for 4 months.

 This joint application was for a new build house purchase at 85% LTV, with a loan amount of £212,500. Applicant 1 didn’t meet Accord's self-employed criteria.

A joint application, 75% LTV with a loan amount of £180,000. This case included around £30k of debt consolidation along with some large company loans in an applicant’s personal name.

Joint house purchase at 90% LTV. Applicant 1 was a teacher. Applicant 2 a self-employed sole trader.  Last year’s tax return showed a profit of only £2k due to purchasing a vehicle for the business.

The applicant was a limited company director. Income had fluctuated over the last few  years and the business reported a significant loss of over £100k 2 years ago, although it had recovered in the latest year. 

The applicant's previous employed income was £25k and her new self-employed income was £26k. The applicant submitted the first year's accounts along with her income projections.