To access the best mortgage deals it is important to have a a good credit score score. 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 numerous actions you can take to boost their get, also making certain any expense are reduced promptly and you can cutting your debts.

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

5. Sign in 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 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.

six. Keep your costs costs

Another essential action you can take to increase your credit score and you can chances of getting your app acknowledged is always to keep expenses 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 facts 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 minimum 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 file and acquire that it is not right, you will need to contact the lender to get it up-to-date. Otherwise, wrong advice you may impression your credit rating and your capacity to score home financing.

Make certain details just like your label and you will address is actually exhibiting truthfully, and you may dispute people mistakes (eg borrowing hunt, situations or financial connectivity) you don’t understand. Bear in mind that it can take few weeks getting mistakes become updated, with respect to the lender plus the borrowing reference agency, therefore the sooner or later you appear on so it the greater.

8. Remove one old financial links

If you’ve ever had a joint monetary equipment having another individual, this can show on the credit file. It’s not going to apply at your credit rating but it make a difference to exactly how loan providers see you. And if you’re associated with someone who has a woeful credit records, it would be far better eradicate connections with them out-of the statement which will not echo badly you.

Firstly, make sure the shared account might have been closed. Next get in touch with the relevant borrowing from the bank resource firms in order to demand good find away from disassociation’ to get rid of one ties from the credit history.

9. Increase your deposit

The higher your deposit, the lower the amount you’ll need to borrow from the bank. This is known as your financing so you’re able 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 equity with a large deposit behind you.