When you apply for a mortgage, the lender is assessing risk.

They want to see whether you’ve managed credit responsibly in the past and whether you’re likely to keep up with your repayments in future.

Your credit score gives them a snapshot of your financial behaviour, including things like payment history, existing debts, and how often you apply for new credit.

House prices in Beverley can vary depending on location, and lenders may also weigh up how your deposit and income stack up alongside your credit profile.

Even if you have a steady income and a decent deposit, a poor credit history can affect your chances of being approved.

Likewise, a strong credit score can open the door to a wider range of mortgage deals.

What Can Affect Your Score?

Lenders use credit reference agencies such as Experian, Equifax, and TransUnion to assess your file.

They’ll look at your payment history across credit cards, loans, mobile bills, and utilities.

Late or missed payments, high credit utilisation, or a record of recent defaults can all bring your score down.

Having no credit history at all can also make things harder, as there’s less information for a lender to work with.

That’s why it helps to be registered on the electoral roll, use credit occasionally and repay it in full, and avoid applying for too much new credit before your mortgage application goes in.

What if You’ve Had Credit Issues Before?

If you’ve had financial difficulties in the past, such as defaults, County Court Judgements (CCJs), or a debt management plan, it may still be possible to get a mortgage, but the options are often more limited.

We work with lenders who are more flexible when it comes to credit issues, particularly if the problem was historic and you can show that your financial position has improved.

The size of your deposit, the type of property you’re buying, and your overall affordability will all come into play.

Before applying, we’ll take the time to understand your full situation as a first time buyer and match you with a lender that is most likely to accept you.

Why Your Score Might Differ Between Agencies

It’s not unusual to find that your credit score changes depending on which credit reference agency you use.

That’s because not all lenders report to all agencies.

Some accounts may appear on one report but not another, which is why it’s worth checking all three main credit files if you’re unsure.

We’ll help you interpret your credit reports and highlight anything that might raise questions with a lender.

Date Last Edited: January 21, 2026