Homebuyers can now use regular Netflix, Spotify and council tax payments to increase their chances of getting accepted for a Leeds Building Society mortgage. The lender has become the first in the UK to start using payment data recorded on Experian Boost when considering home loan applications.
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'Leeds becomes first mortgage lender to use Netflix, Spotify and council tax payments to 'boost' home loan chances – how it works'
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MSE News: Leeds becomes first mortgage lender to use Netflix payments to 'boost' home loan chances
MSE_Kit
Posts: 111 MSE Staff
1
Comments
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So really a credit score !
The more direct debits you set up and pay off Every month the better your score.
What a good idea except they all count in Affordable0 -
And the rates....Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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So, effectively, it is a marketing tie up between Leeds and Experian.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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