What are credit checks and how can I check my credit reference?
A credit check is made against a person’s name and their address to establish if they have been subject to a County Court Judgement for debt or are in arrears, or have been in arrears on any credit agreement. Applicants for a share to buy mortgage are subject to the lender’s normal lending criteria. Your application may fail if one of you has a credit reference that fails to pass credit scoring (though there are other potential reasons for failing). For this reason, all applicants are recommended to check their credit reference with a credit agency to ensure that there are no errors. To find more information on obtaining a copy of your credit reference, visit the following websites of Britain’s two main credit agencies, Equifax and Experian: • www.uk.experian.com • www.equifax.co.
A credit check is made against a person’s name and their address to establish if they have been subject to a County Court Judgement for debt or are in arrears, or have been in arrears on any credit agreement. Applicants for a share to buy mortgage are subject to Britannia’s normal lending criteria. Your application may fail if one or more of your group has a credit reference that fails to pass credit scoring (though there are other potential reasons for failing). For this reason, all applicants for share to buy are recommended to check their credit reference with a credit agency to ensure that there are no errors. To find more information on obtaining a copy of your credit reference, visit the following websites of Britain’s two main credit agencies, Equifax and Experian: • www.uk.experian.com • www.equifax.co.
A credit check is made against a person’s name and their address to establish if they have been subject to a County Court Judgement for debt or are in arrears, or have been in arrears on any credit agreement. Applicants for a share2buy mortgage are subject to the lender’s normal lending criteria. Your application may fail if one of you has a credit reference that fails to pass credit scoring (though there are other potential reasons for failing). For this reason, all applicants are recommended to check their credit reference with a credit agency to ensure that there are no errors. To find more information on obtaining a copy of your credit reference, visit the following websites of Britain’s two main credit agencies, Equifax and Experian: • www.uk.experian.com • www.equifax.co.
