seven. Fix one errors on your own credit history
To access the best mortgage deals it is important to have a a good credit score get. You can check your credit score for free with one of the main three credit reference agencies in the UK: Experian, Equifax and TransUnion. You can use your report to identify areas that you need to improve.
There are many different things you can do to boost the rating, together with making sure all your valuable debts was reduced on time and you may cutting your debts.
Read our ultimate guide to improve your credit history for the full lowdown. We’ve also put together a 12-times bundle to a better credit score, which breaks it down into easy-to-follow steps.
5. Sign in so you’re able to vote
Before you make a mortgage application, make sure you are on the electoral register as this can improve your credit score by around 50 issues. It also allows lenders to check that you are who you say you are and make sure the details on your application are accurate.
If you are not registered to vote, you can sign up online. It only takes about five minutes and you’ll need your National Insurance number to hand. Check the Government’s website to see if you are qualified.
6. Keep expenses money
Another essential thing you can do to boost your credit rating and odds of getting your software acknowledged is to maintain your bill payments.
Lenders will check your credit report to see how you’ve managed your finances in the past and use this data to predict your future behaviour. Missing just one payment can knock off around 130 factors from your credit score. But if you have a good credit score and a solid history of repaying your bills on time, this will work in your favour.
Ideally, you want to pay your credit card balance off in full each month to avoid all interest and charges. But if this is not possible, you need to pay at least the minimal fee, so that your credit file isn’t affected. Consider setting up a direct debit so you never miss a payment.
Daha Fazla Oku