Is credit score important when you want to buy a house?
Aga Gronkiewicz Certs CII SMP and ER??
You Pick The View and I Will Help You Finance It - ??????????Mortgage Adviser at GRN Financial Services Ltd
????Is credit score important when you want to buy a house?
Credit score is normally an indicator how ‘healthy’ your financial position is and if lenders will offer you loans.
Most lenders will check your credit score at mortgage application to see if they will be happy to offer you mortgage.
Although it does indicate how credible you are for the banks, LOWER THAN AVERAGE CREDIT SCORE DOESN'T MEANT YOU WON'T BE ABLE TO BUY.
?We have actually done mortgages for clients with poor credit score??
What if you credit score is low?
There may be various reasons why your score is low. It may be because:
?? you have not built enough credit history yet,
??maybe there are some records of missed payments, late payments or,
?? you may have more serious issues like defaults.
Lenders normally check information in the background rather than just your score so it is good to know what your FULL CREDIT REPORT shows.
There are a couple of scoring agencies but you can also do so called cross agency credit report.
If you would like to check your credit score or see your full credit report, please contact us and we will help you.
GRN Financial Services Limited is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority
Our fees and charges vary depending on the Services we provide to you. We typically charge a fee of ￡350.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE