Virgin Money has tightened its lending policy to exclude borrowers with historic or recent credit problems.
The lender will no longer accept borrowers who have a County Court Judgement (CCJ) or a default showing on a credit report.
This applies to satisfied CCJs, that remain visible on a credit file, and defaults as well as unsatisfied credit issues.
Borrowers who have two or more consecutive missed payments on any item of credit in the last six months will also be rejected.
These changes will not impact customers who have taken an arranged mortgage payment holiday
The changes come into effect from 9 July.
Samantha Partington is a freelance trade and consumer journalist writing about property and personal finance. Previously she worked worked for the Daily Mail and Property Week. She is the former deputy editor of Mortgage Solutions and editor of Specialist Lending Solutions.
Before becoming a journalist, Samantha worked as a mortgage broker and latterly for a mortgage, bridging and secured loan lender. Samantha is CeMAP qualified. Follow her on Twitter @SamJPartington1.