Mortgages for the Self-Employed – The Credit Agency That Most Lenders Use

UK Self-Employed Mortgage

By Ed Emerson

There’s a terrific chart put together by Money Saving Expert that identifies out which lenders use which credit reference agencies, and serves as a boon to those seeking a mortgage for the self-employed

The lender is going to look to check your credit status, which means you know which agency to start with before you apply for a self-employed mortgage.

Check it out here:

  Credit Agencies & Lenders

But there are still a few things that you need to know. 

The first is that only one of the six lenders that HNW has identified in the UK who actually specialise in mortgages for the self-employed,  contractors, freelancers and company directors / entrepreneurs is on the above list: The Halifax.

And while the Halifax looks primarily at Experian to judge the creditworthiness of mortgage applicants, that’s not to say they don’t see the other agencies reports as well – those from Callcredit, Equifax etc.

Most of those seeking a mortgage while self-employed at this point will simply check their credit report with Experian and progress with an application (and hopefully they’ve checked out who the six banks in the UK are that provide these types of mortgages).

That will cost them about £14.00 per month on a subscription basis to do so.

   UK Self-Employed Mortgage

Or they may go to Clear Score who offers free access to your credit score, but without realising that Clear Score only checks the credit data held about you from Equifax – the second biggest credit agency overall.

Experian is the biggest.

And those who want to check all three of the main credit agencies could end up spending between £40 and £50 per month on credit agency subscription fees.


One of the things that I found out while going through this process is that there’s only one multi-agency credit company that shows you the credit details held about you from all three of the main agencies, and it only costs about £7 per month to subscribe – that’s half as a much as it costs to sign-up to even one of the “Big Three.”

That company is called Check My File, and we’ve included them as one of our key company references in our forthcoming report The 5 Steps to Getting a Mortgage When You’re Self-Employed. 

Want to know more? 

Why not see what HNW Magazine’s Self-Employed Mortgages section here has to offer you in terms of advice, guidance and options. And look out for HNW Magazine’s report The 5 Steps to Getting a Mortgage When You’re Self-Employed for consultants, freelancers and entrepreneurs, out soon, and take advantage of the mistakes others have made so that you don’t have to.

Ed Emerson, Editor, HNW Magazine

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