Hopeful homeowners could now increase their chances of getting a mortgage with a Netflix or Spotify subscription due to a new partnership.
Leeds Building Society has joined up with credit information company Experian to link to its free Experian Boost Service. The service allows borrowers to use extra evidence to prove a good financial record that can be used in lending decision.
It means regular debit payments over the last 12 months related to subscriptions to digital entertainment services can now contribute to credit scores and be factored into mortgage applications to the Society. The service is rooted in open banking technology which links a borrower's current account payments to their credit score.
