Credit Rating Explained
Your credit rating is also referred to as your credit score.
This is one of the key factors that a lender will take into account when deciding whether or not to offer you the mortgage you want or not.
This is based on information that is included in your credit report, and therefore has useful information for any financial institution about you and your financial situation.
It will contain the details about you from the electoral roll, information on bankruptcies, court judgements etc and your credit information (e.g. credit cards, loans, mortgages) over the last six years.
Property Articles
We hope you find this mortgage glossary / explanation of mortgage terms useful. You might also be interested in our articles on a range of property related issues, a selection of which are listed below:- Buy To Let
- Offset Mortgage
- Home Reversion Plans
- Cons of Buying Commercial Property
- Buying Thatched Houses
- Unusual or unique home mortgages
- Considering Location When Buying
- Remortgaging
- Commercial or semi-commercial mortgages
- Advantages of buying commercial property
- Sourcing a Good Letting Agent
- Getting a better deal without remortgaging
- Buying a house with friends
- Equity Release Considerations
- Property Gazuming Explained
