For many first-time buyers in the UK, credit history plays a bigger role than expected in the mortgage process. Even if you’ve saved a deposit, a weak credit profile could make lenders hesitant.
Why Credit History Matters
Lenders look at your credit record to understand how you’ve managed borrowing in the past. They check for things like missed payments, defaults, or high levels of existing debt. A strong credit history can improve your chances of approval, while issues may limit the options available.
Moving Forward as a First-Time Buyer
If you’re concerned about your credit record, don’t be discouraged. Improving your financial habits and giving yourself time to strengthen your profile can make a difference. When you’re ready, getting personalised advice can help you find lenders that are more flexible with first-time buyers.
At Muuvin Mortgages & Protection, we offer no-obligation calls where you can discuss your circumstances and explore what steps may improve your position before applying.
Do I need a perfect credit score to get a mortgage?
No, some lenders consider applicants with less-than-perfect credit, though terms may vary.
Can I check my credit history myself?
Yes, you can request your report from credit reference agencies in the UK.
Does credit history affect the size of deposit I need?
In some cases, yes. A stronger deposit may improve your chances with lenders if your credit record has challenges.
Disclaimer
Your home may be repossessed if you do not keep up repayments on your mortgage.
This article is for general information only and should not be taken as advice. Mortgage applications are subject to status and lender criteria. The information provided is correct as of the date it was posted and may be subject to change without notice.
