Cashback Remortgages · First-time buyers
Getting a Mortgage With Limited Credit History
Having little credit history — rather than bad credit — can still make lenders cautious because there is less to assess. There are practical ways to build a record.
Why it matters
Lenders use your credit history to gauge how you manage borrowing. A thin file, common for younger or newly-arrived applicants, gives them less to go on, which can narrow the lenders available.
This is different from adverse credit and is usually easier to improve.
Building a track record
- Register on the electoral roll at your current address.
- Use and repay a modest amount of credit responsibly over time.
- Keep accounts and bills in your name where possible.
- Avoid multiple credit applications close together.
- Check your files with the main agencies for accuracy.
Sources and further reading
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Discuss the next step for your mortgage
Understand your options before you make a decision.