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Credit Checks in United Kingdom

Credit checks in the Context of Mortgages

These are checks made when you try to borrow money or purchase goods on hire purchase, and are used to determine the risk of lending you money. They will examine your credit history and check for payment defaults and what you owe to other financial organisation. A credit agency is often used.

Similar Terms



A measurement of a person’s ability to pay bills on time. Several companies track individuals’ credit histories by detailing late or missed payments on loans, credit cards and other debts.

Credit agencies

Credit agencies

Companies such as Equifax or Experian that are often used by lenders to assess your financial background and determine the level of risk involved with lending you money.

Credit averse

Credit averse

When a borrower has a poor credit history, has previously been declared bankrupt or has outstanding County Court Judgements, they are often described as credit averse. People with averse credit ratings often have to pay higher interest rates on a mortgage.


See Also

Credit history

Credit period

Credit rating

Credit reference agency

Credit union


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(2017, 04). Credit Checks lawi.org.uk Retrieved 10, 2021, from https://lawi.org.uk/credit-checks/

04 2017. 10 2021 <https://lawi.org.uk/credit-checks/>

"Credit Checks" lawi.org.uk. lawi.org.uk, 04 2017. Web. 10 2021. <https://lawi.org.uk/credit-checks/>

"Credit Checks" lawi.org.uk. 04, 2017. Accesed 10 2021. https://lawi.org.uk/credit-checks/

Patricia M. Leopold, 'Credit Checks' (lawi.org.uk 2017) <https://lawi.org.uk/credit-checks/> accesed 2021 October 16

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Schema Summary

  • Article Name: Credit Checks
  • Author: Patricia M. Leopold
  • Description: Credit checks in the Context of Mortgages These are checks made when you try to borrow money or purchase goods on hire [...]

This entry was last updated: April 10, 2017



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