Skip to main content

Mortgage London

Logo
Menu
FIND ME A MORTGAGE

Resources

/

Glossary

/

UK Credit History

UK Credit History

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)

The record of a person’s UK borrowing and repayment behaviour, such as credit cards, loans, and existing mortgages, through credit-reference data.

Related glossary terms

Asset-Based Mortgages & Lombard Lending

Asset-based mortgage is a broad label used for lending where the borrower’s assets play a major role in the credit decision instead of standard salary-led affordability alone. In UK practice, the phrase can refer to private-bank residential mortgages with asset-led underwriting, securities-backed Lombard facilities, or other asset-led structures. Despite the name, not every structure described

Broker Fee

A charge paid directly by borrowers to mortgage brokers for arranging mortgages, separate from lender payments, with charging models varying across the market.

Variable Rate Mortgage

A mortgage where the interest rate can change over time rather than staying fixed for a set deal period.

Private Bank Mortgage

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