My husband and I are planning to buy a property soon, but we’re concerned about his lack of credit history. He has never had a phone contract or any bills in his name. Despite being a high earner (in the higher tax bracket), he was recently rejected when he applied for a credit card. I’m worried this could negatively impact his credit report.
I have an excellent credit rating and currently have a mortgage, but I earn significantly less than my husband. To help build his credit history, I’ve added him as an authorised user on two of my credit cards, which he pays off in full each month, and he has recently taken out a phone contract in his name.
We plan to apply for a mortgage in the next 6–10 months. Will we face difficulties due to his lack of credit history?