When you make an application for a mortgage, prospective lenders will look at your credit score to help them establish whether they think you will be a risk to lend to and how likely you are to make your repayments on time. Usually, a higher score means you are seen as a lower risk, as it shows a positive track record with paying back commitments, which will ultimately mean you have a higher chance of being accepted for a mortgage, and being eligbile for one with better interest rates. At MO, we understand that making sense of credit scores can often be confusing, which is why we have created this collection of articles to help people make sense of the jargon.
