For purchases, right-to-buy & shared ownership applications, applicants must have no declining unsecured credit in the last 6 months
For remortgages declining unsecured credit is accepted where a plausible explanation is obtained and there is a clear benefit, bank statements may be required.
For secured loans the unsecured payment profile of applicants will be taken into account. Please refer the case if the client’s unsecured credit profile is declining or if there have been issues with unsecured payments in the past few months. Plausible explanations will be required.