Changes to the criteria as follows:
- Will accept customers in an IVA as long as settled through the proceeds of the loan
- Employment Support Allowance is now acceptable benefit type at 100% usage, if in place for more than 13 weeks
- Flats in a block of up to 6 stories now acceptable. Irrelevant of the floor the flat is on or if ex-local authority or not.
Scott Thorpe of Norton Broker Services, commented:
“This is great news since the start of the year a lot of our secured lenders have improved their criteria which can only be a good thing for the market place. Central’s new changes mean they are once again leading they way with their innovative and flexible approach to lending.”