
1 - Register on the electoral roll
2 - Pay credit commitments on time
3 - Check your credit score/report regularly
A mortgage is a form of credit that you apply for if you want to borrow money to buy a property, and so it makes sense that your credit score will have an impact on this, right?
There isn’t a specific credit score that you need for a mortgage, but the higher your score, the more likely your application will be accepted.
This is because having a higher score makes you a lower risk to the lender, and suggests that you are more likely to be able to keep up with the repayments.
Here’s some tips if you’re worried about yours or have been told previously to try and improve.
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