Gen H has made changes to its internal credit scoring system which will allow it to lend to more aspiring homeowners.

The lender expects that approximately one in six decisions-in-principle which would have failed on credit score criteria should now pass.

It says the change will especially help first-time buyers as they are increasingly likely to be caught out by blips like accidental missed payments when moving rentals or thin credit files.

Gen H chief commercial officer Pete Dockar says: “Credit scores are a simple, helpful tool for those with clear credit to demonstrate their track record of responsible money management.”

“But when there’s a thin file, or if there have been a few isolated issues in the past, it’s better to have a human take a look at the case and form their own judgment on the best path forward.”

“These positive changes empower our lending team to help even more people find a sustainable route into homeownership.”