A Mortgage Designed For Real Life
Life doesn’t always go to plan. Illness, redundancy, relationship breakdown or other unexpected events can affect anyone’s finances. The Nottingham’s Life Happens Mortgage range recognises that customers can recover from past difficulties and demonstrate responsible borrowing behaviour, offering a more flexible approach for those who may not meet traditional lending criteria.
At Independent Mortgages Direct NE, we believe historic credit issues shouldn’t necessarily prevent someone from achieving their homeownership goals. If you’ve experienced financial difficulties in the past but are now back on track, we’d be delighted to assess whether a Life Happens Mortgage could help you move forward with confidence.
Benefits At A Glance
✔ Borrow up to 90% of your property’s value – Helping customers with smaller deposits get onto or move up the property ladder.
✔ Past financial difficulties don’t have to define your future – Historic arrears, defaults, CCJs and previous insolvency events may still be considered.
✔ Flexible underwriting – Applications are assessed by experienced underwriters who look at individual circumstances, not just a credit score.
✔ Support for customers rebuilding their finances – Suitable for those who have recovered from temporary setbacks and can demonstrate improved financial management.
✔ Greater access to homeownership – Designed to help customers who may struggle to meet the criteria of traditional high street lenders.
✔ A lender that understands real life – Recognising that illness, relationship breakdown, redundancy and other unexpected events can impact finances, but shouldn’t necessarily prevent someone from obtaining a mortgage.
Key features
The range offers more accommodating underwriting for customers with previous credit blips, including:
- Historic mortgage arrears
- Unsecured loan arrears
- County Court Judgments (CCJs)
- Defaults
- Debt Management Plans
- Previous IVAs
- Bankruptcy or Debt Relief Orders
Depending upon the product selected, borrowers may access:
- Core Range: Up to 95% LTV
- Life Happens 1: Up to 90% LTV
- Life Happens 2: Up to 85% LTV
