How to Decipher Your UK Credit Reports

We always recommend accessing your credit reports before applying for a mortgage – this guide explains how to interpret the information and what it will mean to a mortgage lender.

About your mortgage

Error: Yearly income income must be between £1 and £10,000,000.

Error: Regular bonus must be between £1 and £10,000,000.

Based on your yearly income, you may be able to borrow:


Most lenders will let you borrow 4.5 times your annual salary so, as long as you have a standard 10% deposit, you should be able to borrow this much.


Depending on your personal circumstances, some lenders may let you borrow 5 times your salary.


Lenders usually cap the amount they lend at 5.5 times your salary, so it’s unlikely you’ll be able to borrow more than this.

This calculator is an estimation of how much you could borrow. If you’re ready to take out a mortgage, speak to a Revolution brokers to see what options are available.

How to Decipher Your UK Credit Reports

Mortgage lenders talk a lot about credit scoring and credit reports - but if you haven't ever accessed yours before, it might not make a lot of sense!

Here we'll run through what credit reports include and how to assess the information contained in yours.

For more assistance with understanding your credit file and how that will impact your mortgage application, give the mortgage advisors team a ring on 0330 304 3040, or email us at

What Information Does my Credit Report Show?

In the UK, lenders will use one of the three primary credit-referencing agencies. Each report will be split into three categories:

  • Financial accounts - all of your credit accounts, from mortgages to mobile phone contracts.
  • Public information - court judgements against you, such as CCJs.
  • Credit checking history - how many checks have been run against your file.

Your reports include linked addresses you have lived at before, whether you are registered on the electoral roll, and if you have any previous names.

What Do The Status Numbers Mean on my Credit Report Next to my Financial Accounts?

If you've downloaded your credit report and it shows a list of accounts and statuses, these indicate whether you have remained on track with your repayment.

  • Status 0 - green, accounts are up to date.
  • Statuses 1-3 - yellow mean you have missed one, two or three payments.
  • Statuses 4-6 - red mean you have been four, five or six months in arrears.
  • Unclassified usually means that the lender hasn't yet provided the information.
  • Debt Management Programme means that you are in a DMP to repay your debts.
  • Arrangement to Pay indicates that you have fallen behind and made arrangements with the lender to bring your debt back into good order.

What is the Public Record Information on my Credit File?

Matters of public record include court judgements made - such as being insolvent, bankruptcy, or having a CCJ.

Lenders will rely on your credit report to give them oversight of your financial stability and whether they will be able to offer you a mortgage.

Remember that, even if you have severe credit issues on your file, an independent broker can help to understand why the problems have occurred and negotiate with a specialist bad credit lender to ensure you can go ahead with buying your home.

If you need any assistance with a bad credit mortgage, give us a call on 0330 304 3040 or email, and we'll get your application started.

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FCA disclaimer

The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature. We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.

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