We’re here for your customers with less-than-perfect credit

When a customer with less-than-perfect credit comes to you, we know that it’s not easy to make a straightforward product recommendation.

Many lenders base their decision on credit score and aren’t willing to consider anyone without a perfect record. This is especially frustrating for those who have suffered minor financial troubles or have worked hard to improve from an adverse position.

At Digital Mortgages, we understand that there’s a huge need for mortgage products that look beyond a credit score. And that’s why we offer our Near Prime range.

What is Near prime?

Our Near Prime product range has been designed to help those with less-than-perfect credit achieve their dream of becoming a homeowner:

• Range of products available: We offer up to 85% LTV products, with both purchase and remortgage options, as well as fee and no-fee products.
• Adverse lending policy: We use specialist criteria that directly considers the likes of CCJs, defaults and missed payments.
• No credit scoring: We check affordability and adverse limits, but we don’t factor in your customers’ actual credit score.
• We don’t do tiered or risk-based products: You won’t be dealing with anything but our simple, transparent products.
• Near Prime, same priority: We use the same process and team as our Prime mortgages, including AVM and other automated processes, so you can expect the same fast and efficient service and could even receive an offer the same day.
• Up to 5.5x annual salary: As with Prime applications, in some cases we’ll accept up to 5.5x annual salary with our Near Prime mortgages.

Are our Near Prime products on sourcing systems?

In a nutshell: yes, but it can take some filtering!

Sourcing systems can often make it challenging to find the right product for a customer with less-than-perfect credit. This is because they’re more likely to show products from lenders who wouldn’t actually accept these customers at the top of their results. You usually need to apply the right filters to find lenders with adverse credit products.

What’s the best way to find your Near Prime products?

We recommend doing it the old-fashioned way — coming straight to us!

If you think your customer might benefit from one of our Near Prime products, then you can get in touch with our TBDM team at support@digitalmortgages.net or by calling us on 0333 399 0055 (9am–5pm, Mon–Fri).

You can place an application for one of our Near Prime products by logging onto the Portal, the same way as any of our other mortgages.

Need an idea of what we could lend? We’re not currently on affordability calculator aggregator websites, but you can head to our own affordability calculator to get a quick estimate.

If you’re struggling to find our products on sourcing systems, please get in touch with us to discuss your customer’s case. You can also find Near Prime product codes by downloading our PDF rate table.

Any questions?

If you have any questions about our Near Prime range, please get in touch with our TBDM team or contact your RDBM — find your local BDM.