Do all mortgage lenders credit score?

Not all mortgage lenders credit score, some just credit search. This is particularly useful if you have just moved home, or haven’t borrowed any money recently.

Why do credit scores matter?

Your credit score or credit rating is a number between 1 and 999. Although some agencies rank you in one of 5 brackets, Poor, Fair, Good, Very Good and Excellent. Lenders will use this score to calculate the risk of lending to you. The higher your score the lower your risk.

How to find out your credit score

You can obtain your credit score using one of the main credit reference agencies.

Experian: https://www.experian.co.uk

Equifax: https://www.equifax.co.uk

TransUnion (noddle): https://www.noddle.co.uk

Read a blog post about how to get a copy of your credit file.

Reasons you may have a low credit score

You are not on the electoral register. Mortgage lenders want to know where you have been living so they can fully check your credit history.
You have just moved home.
You have returned from living abroad.
You have missed payments on a mortgage, credit card or loan agreement.
You haven’t borrowed any money recently.
Someone you have joint credit with has a low credit score.

Mortgage lenders that don’t credit score

We have a number of lenders than don’t credit score. Their criteria can be particularly useful for mortgage customers that don’t fit standard high street lenders.

The lenders on our panel that don’t credit score are:

Monmouthshire Building Society

Marsden Building Society

Family Building Society

Newbury Building Society

Kent Reliance

Bluestone Mortgages

Pepper Money

Furness Building Society

Tipton Building Society

Vida Homeloans

Progressive Building Society