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Hi there,
I got a credit score of 775 in Equifax and 808 in Experian. How much credit score would I need more to secure a mortgage?

So far I haven’t received any proper answers rather than some spam answers. I am a stupid to ask questions here!!!!

2 Thoughts on What’s a good credit score in the UK to secure a home loan?
  1. Reply
    Ian G
    April 12, 2012 at 6:34 am

    A credit score which is a made up number by a credit reference agency in the uk means nothing to a lender.
    A lender will base their decision to lend on your credit history. They will look for credit that you have had in the past, look at whether you could manage credit, ie no late or missed payments, no defaults, no ccj’s, no bankruptcy.
    The credit score that the credit agency’s give you is THEIR score and based on what THEY think of you, NOT what the lender thinks of you.
    Your best option is to look at your history and not your score, look at your credit files and make sure you have no defaults, no late payments, no missed payments and also that you do not have TOO MUCH available credit open to you currently

  2. Reply
    Steve B
    April 12, 2012 at 6:54 am

    Your score is fine.

    Now you have to satisfy the INCOME requirements for the size of Mortgage you want.

    Typically they will allow “about 3 to 4 times salary” = so if you are earning £25,000 the MOST they are likley to offer is £100,000 …

    You will also need to put down at least 5% … if you qualify for £100,000 they will want to see you put in £5,000 …

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