Mortgage Credit Check | Credit & Income Checks


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Mortgage credit check.



A mortgage lender will conduct  a credit check when you apply for a mortgage.

Mortgage credit check & income verification.


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When applying for a mortgage a lender will always want to check your credit history.


A credit check will be conducted to review your personal financial background, and a report will be produced indicating your “credit worthiness”. 

  The credit report.

The credit report will indicate whether you’ve missed credit card or mortgage repayments, details of overdrafts and whether you have any outstanding County Court Judgements (CCJs). The credit report will also determine whether you are currently on the electoral register for your current address.

The mortgage lender will typically use the credit report to produce a credit score, the higher the score the more likely it will be that you’ll be offered the mortgage.

Two major companies specialising in producing Credit reports are Equifax and Experian. You may approach these companies yourself if you want to review your own history. A typical credit check report will cost around £15,  our sample credit report will show you what's normally included.


  Income check.

A mortgage lender will need to verify your income as part of the mortgage application process. If you’re employed this may mean the lender requires an employer reference. The employer reference will typically consist of a letter from your employer stating details your income, position contract details and period of employment. If the lender writes to your employer it is prudent that you inform the relevant person or department within the organisation and stress the importance of responding without delay! A delayed response from your employer could result in a delayed mortgage offer.

Lenders will typically class your status as a self employed if you are a sole trader, a partner or own more than 20%-25% of the shares of the company you work for.

If you’re self employed most mortgage lenders will typically need to see your accounts and recent bank statements. Lenders will need to see documentation confirming how long you have you been self-employed (typically for a minimum period which may be 6, 12 or 24 months) and paperwork proving your income (typically 2 or 3 years accounts)


   Mortgage types >>


   Mortgage application  >>


   Credit checks >>


Types of mortgage
The different types of mortgage and interest rate options.


Applying for a mortgage
Seeking an agreement in principle and applying for a loan.


Your credit history
The mortgage credit check and income verification.



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