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Credit Score

Portrait of Justin Whitelock, founder of Mortgage London, standing in a park

By Justin Whitelock

Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)

A numerical summary produced by a credit reference agency to reflect information held on a person’s credit file, though not uniformly applied by all lenders.

Related glossary terms

Mortgage Advance

The actual money released by the lender at completion, sent to the conveyancer to be used towards the purchase or refinance.

Private Bank Mortgage

A mortgage through private banks for borrowers with significant assets, complex income, international wealth, or a bespoke borrowing need.

Special Purpose Vehicle (SPV)

A limited company set up specifically to hold property investments rather than carry on a wider trading business.

Agreement in Principle (AIP)

An early lender indication of potential borrowing capacity based on basic financial information, serving as preliminary approval rather than formal commitment.