Adverse Credit

Refers to people with a poor credit history. May include but is not limited to things such as county court judgments (CCJ’s) bankruptcy mortgage arrears Individual voluntary agreements (IVA’s) and credit card or other borrowing arrears or...

Agreement In Principle

The likely outcome of a loan application and first step in obtaining a mortgage. Not a formal offer but includes a credit check with a credit reference agency and an assessment of your ability to repay the loan amount requested. Also known as ‘Decision in...