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 various actions you can take to improve your get, along with ensuring that all of your expenses is actually paid on time and you may reducing your expense.

Read our ultimate guide to alter your credit score 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 can vote

Before you make a mortgage application, make sure you are on the electoral register as this can improve your credit score by around fifty 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 eligible.

six. Maintain your costs money

Another significant thing you can do to improve your credit score and you can likelihood of getting your application acknowledged should be to keep your bill money.

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 issues 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 percentage, so that your credit file isn’t affected. Consider setting up a direct debit so you never miss a payment.

For folks who look at your credit report and get it is maybe not exact, make an effort to get in touch with the financial institution to have it up-to-date. If not, incorrect suggestions you may effect your credit rating along with your ability to get a home loan.

Make sure facts such as your term and you can target was proving correctly, and argument any mistakes (such borrowing from the bank hunt, situations otherwise economic relationships) you installment loans in Nevada never recognise. Be aware that required weeks to own errors are current, with regards to the lender and borrowing from the bank reference service, so that the fundamentally you look into that it the greater.

8. Dump one old economic connections

If you have ever had a combined financial equipment with someone else, this can show on your credit report. It’s not going to apply at your credit rating nevertheless can impact just how lenders see you. And if you are on the someone who has a woeful credit background, it will be best to lose ties using them off their report it cannot mirror defectively on you.

To start with, make sure the mutual account has been closed. Following contact the relevant credit resource organizations to demand a great observe from disassociation’ to remove people connections from your credit history.

nine. Improve your put

The higher your deposit, the lower the amount you’ll need to borrow from the bank. This is known as your mortgage to value‘ (or LTV). Saving a large deposit can boost your chances of getting your mortgage application accepted because the bank is likely to feel more comfortable if you can put a lot of money down upfront (usually over 10% of the value). If the house value was to drop, you would be less likely to go into negative security with a large deposit behind you.