What's the ideal credit score for a mortgage?
NatWest mortgages are available to over 18s. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
Credit scoring for a mortgage
Just like when you take out an overdraft or apply for a credit card, a mortgage is a form of credit that you can apply for if you want to borrow money to buy a property. Like other responsible lenders, we use a credit scoring system when we assess your application.
You can learn more about the ins-and-outs of credit scoring with our credit scoring guide. The main thing to note is that you have to have both a high enough credit score and also meet our other requirements, such as monthly income, so we know you can afford the repayments.
What credit score do I need for a mortgage?
There isn’t a specific credit score that you need for a mortgage, but the higher your score the more likely your application will be accepted. This is because having a higher score makes you a lower risk, and suggests that you are more likely to be able to keep up with the repayments. So if you have any outstanding debt, or have struggled in the past to repay a credit card or other forms of credit, you will be seen as a higher risk.
Even if you’ve never been in debt, if you don’t have any credit history this could also affect an application. It’s important that as a lender we can see you have a good track record of sensible borrowing. For more information about how we make credit decisions, read our helpful guide.