To access the best mortgage deals it is important to have a good credit 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 actions you can take to improve your own score, in addition to making certain any expenses is actually paid timely and you will cutting your costs.

Read our ultimate guide to replace your credit score for the full lowdown. We’ve also put together a 12-month package to a better credit score, which breaks it down into easy-to-follow steps.

5. Sign in in order 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 fifty circumstances. 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.

6. Maintain your expenses repayments

Another essential action you can take to boost your credit score and you can probability of getting the application accepted would be to keep expenses repayments.

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

If you look at the credit history and get that it’s not particular, just be sure to contact the lender to have it updated. Otherwise, completely wrong guidance could feeling your credit rating plus Brighton loans power to score a mortgage.

Make certain that information just like your label and you will target try showing truthfully, and you will argument any errors (for example borrowing online searches, activities or economic relationships) you don’t recognise. Be aware that required a few weeks for problems to-be updated, depending on the lender and the credit resource service, so that the sooner you look into which the greater.

8. Dump any dated economic ties

If you have ever got a mutual economic unit with another person, this will show on your own credit file. It’s not going to connect with your credit score it make a difference just how loan providers see you. So if you’re of the anyone who has a woeful credit records, it would be far better treat links using them away from the report that it will not echo poorly on you.

To start with, make sure the mutual account could have been signed. After that contact the appropriate credit site agencies so you’re able to demand a see out of disassociation’ to eliminate people links from your own credit report.

nine. Raise your deposit

The higher your deposit, the lower the amount you’ll need to borrow from the bank. This is known as your mortgage in order to worthy of‘ (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 equity with a large deposit behind you.