Even if you have a very good credit record, you may have suffered from a….
‘Credit score decline’
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Credit scoring is where a lender takes into account all the information about your
circumstances such as how long you have lived at your address, how long you have been
employed for, your family status, if you are on the voters roll as well as how well you
manage your existing credit. Points are allocated for positive aspects and deducted for
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The credit crunch has seen many lenders pull from the market, tighten their criteria and in
particular many have ‘tweaked’ their scoring systems to decline property investors just for
having lots of property!
What many do not always realise is that each lender has a different scoring system based on
the lenders own experience of risk. There are even a few lenders that don’t use a credit score
system at all!
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Our experience and expertise in this area means we know exactly which lenders to approach
to hopefully turn your decline into an approval.
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