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 various steps you can take to improve your get, plus making certain that all expense was paid down punctually and cutting your debts.

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

5. tax refund loan advance Check in to vote

Before you make a mortgage application, make sure you are on the electoral check in as this can improve your credit score by around 50 activities. 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. Maintain your expenses money

Another essential thing you can do to boost your credit score and you can probability of getting your application accepted is to keep the statement 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 people who look at your credit report and find that it’s maybe not right, just be sure to contact the lender to have it current. If not, completely wrong information you’ll impression your credit rating as well as your power to get home financing.

Guarantee that information such as your label and you can address is showing truthfully, and you will conflict one errors (particularly borrowing hunt, situations otherwise economic associations) that you do not recognise. Be aware that it requires weeks to have problems as current, according to the financial additionally the borrowing from the bank source institution, therefore, the at some point you look with the which the higher.

8. Get rid of one dated financial links

If you have ever got a joint monetary product having someone, this will show on your own credit report. It won’t apply to your credit score nonetheless it may affect exactly how lenders view you. And if you’re regarding the someone who has a woeful credit background, it could be better to get rid of links together with them regarding their statement this doesn’t reflect defectively on you.

First and foremost, ensure that the mutual membership might have been signed. Next get in touch with the relevant borrowing from the bank reference businesses so you can request a good observe off disassociation’ to get rid of any ties out of your credit file.

9. Improve put

The higher your deposit, the lower the amount you’ll need to borrow from the bank. This is known as your loan 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.