Defaults

Slou123

Does anyone know what Kensington and aldermore accept in terms of defaults?

welly_59

https://intermediaries.aldermore.co.uk/media/1069/residential-mortgages-product-guide-pdf.pdf

Kensington:
Select

Acceptable if older than 36 months

Core

Acceptable if older than 24 months

Resi 6

Acceptable if older than 6 months

Maximum of 1 in the last 24 months

Total amount must be no greater than £1,500

Slou123

welly_59 said:

https://intermediaries.aldermore.co.uk/media/1069/residential-mortgages-product-guide-pdf.pdf

Kensington:
Select

Acceptable if older than 36 months

Core

Acceptable if older than 24 months

Resi 6

Acceptable if older than 6 months

Maximum of 1 in the last 24 months

Total amount must be no greater than £1,500

Thank you - is the amount no greater than 1.5k for ones that are in the last 24 months not including one previous so you know 

welly_59

Slou123 said:

welly_59 said:

https://intermediaries.aldermore.co.uk/media/1069/residential-mortgages-product-guide-pdf.pdf

Kensington:
Select

Acceptable if older than 36 months

Core

Acceptable if older than 24 months

Resi 6

Acceptable if older than 6 months

Maximum of 1 in the last 24 months

Total amount must be no greater than £1,500

Thank you - is the amount no greater than 1.5k for ones that are in the last 24 months not including one previous so you know 

Don't quote me on it as I'm not. MB, but I read it as any over 2 years old are ignored. So it's just one default within the last 6-24 months, max value of £1500