Central Trust's Lending Criteria
Central Trust considers a wide range of adverse credit profiles, including satisfied and unsatisfied defaults, county court judgements, mortgage arrears history, and discharged bankruptcy. The lender takes a case-by-case view, meaning two borrowers with similar credit events may receive different decisions based on the overall picture presented — equity, income stability, purpose of borrowing, and the age of adverse entries all influence the outcome.
For debt consolidation cases — which make up a significant proportion of Central Trust's lending — the lender will assess whether consolidating existing debts into a single secured loan genuinely improves the borrower's affordability position. Borrowers must demonstrate that the proposed new payment is sustainable and that consolidation reduces overall monthly outgoings to a meaningful degree.
Central Trust lends against residential properties in England and Wales. Properties must meet standard construction criteria; unusual or non-standard construction types may not be eligible. The lender sets age limits for borrowers, and the loan term must not extend beyond a maximum age threshold — your broker will confirm the current maximum age limits when presenting the product.
Rates and Fees
As a specialist adverse credit lender, Central Trust charges rates that are above those available to prime borrowers. The exact rate offered will depend on the LTV, the severity of adverse credit, the loan purpose, and the overall affordability assessment. Borrowers should expect indicative rates significantly higher than those advertised by mainstream banks, which reflects the risk premium involved in lending to adverse credit applicants.
Central Trust charges a lender arrangement fee on completion, which is typically added to the loan rather than paid upfront. Your broker will confirm the current fee structure when obtaining an indicative offer. In addition to the lender arrangement fee, broker fees may also be payable — always confirm whether any fee is charged and when it becomes payable before proceeding. Broker fees for specialist cases are usually paid on completion, not before.
When comparing Central Trust's costs against other specialist lenders, focus on the total amount repayable over the full term rather than the headline monthly payment. A slightly lower monthly payment stretched over a longer term can cost considerably more overall. Your broker should provide a full cost-of-credit comparison before you commit.
