5 Expert Tips for Saving for a Mortgage

With the average price of homes in the UK hitting a record high of £254,606, saving money to buy a home may seem like a daunting task. However, with the right plan in place, it can certainly be achieved! Here are a few of our top tips for saving…

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What is a Default?

A default is a sign that you can’t afford your current payments, it can lead to negative effects on your credit file which could restrict your financial options in future. . This is why it’s important to know what a default is and what to do in the event…

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Is Renting With Bad Credit Possible in the UK?

It’s standard practice in the UK for landlords or letting agents to run a credit check on your credit file when seeking to rent property. This creates problems for certain groups of people including: anyone who has recently moved to the UK from foreign workers to international students, people…

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Why has my Equifax Credit score changed?

Equifax has recently changed its credit score range, so your credit score will most likely have changed too! Instead of being out of 700, your Equifax credit score will now be out of 1000. Equifax still have the same credit score bands, it's just the credit score "number" that's…

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Will a Notice of Correction Fix My Credit Score?

Your credit score is one of the most important factors for getting approval for a flat rental, credit card or even a mobile contract. It is a way for lenders to look into whether you can pay your bills on time and be trusted to manage your finances. Mistakes…

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Does my Credit History Follow Me When Moving to the UK?

Moving to the United Kingdom can be a complicated process, and we’re not just talking about dealing with the UK Visas & Immigration Department (UKVI). Did you know that your credit score from your home country will not travel with you when moving to the UK? No matter how…

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How to Build Credit When You’re New to the UK

London is a global international trade and business hub that offers opportunity and diversity. As the largest city in the United Kingdom and Europe, you'll find cultures from all over the world; in fact, over 300 languages are spoken, in London and 35% of the  city’s population are foreign-born.…

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Average Credit Score in the UK

There are a lot of misconceptions about what the average credit score amongst everyone in the UK is.  The news and Office of National Statistics tend to report the problems of consumer debt regularly which leads to negative perceptions. Reports extensively cover consumer debt statistics and consumer debt is…

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How to Get a Mortgage With Bad Credit

While having a good credit score is certainly helpful during the application process for obtaining a mortgage, it’s not the only factor. Lenders take a look at the entire financial picture on applications and take into account positive financial changes when making their decisions; however, certain negative marks on…

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How much money can you save with a good credit score?

Most people will say having a good credit score matters. They say it saves you money, and they’re right. But there’s not enough information out there telling you how much. Will a good credit score save you 50p? £500? £5,000? More?  As a company, Portify is committed to building…

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