Loans & Lenders

How far back do mortgage lenders look?

Mortgage lenders typically review your financial history over the past 2-3 years, with a primary focus on the following:

• Income
• Employment stability
• Credit report
• Recent major financial activities

They may also look further back if there are any large financial events like bankruptcies or foreclosures. That said, recent financial behaviour usually has the most impact on lending decisions.

Does Upscore provide multiple options for lenders?

Absolutely – we’ll connect you with a network of lenders in order to find a mortgage that suits all your needs. As opposed to only having one option, this allows you to compare:

• Rates
• Terms
• Conditions

This way, you can find a lender that best fits your financial situation and property goals.

Can I get a loan to buy property abroad?

You can find lenders who provide financing options specifically designed for purchasing property abroad, but international property loans are usually far more complex than domestic ones. This is primarily because of additional factors like currency exchange rates and foreign property regulations. Certain lenders have partnerships with financial institutions to make the process easier, though.

Just make sure you check with your lender and speak with some local experts in the country you’re interested in to be sure.