Regarding the lack of credit score?

JoeCrystal

Hi, all

There is something I was wondering about when checking on HSBC site to see what is possible to borrow. I know the fact that banks do credit checks.

But as I never borrowed any money from the banks in the past, would that count as a disadvantage and lower the amount the banks willing to lend? Would having a good deposit help in that aspect?

Thank you for any comments.

ACG

There are many many different factors when scoring your application.
The amount of credit you have had in the past will imact your overall score. The lack of credit should not reduce how much you can lend, although some lenders MAY limit the maximum LTV if you do not score up.