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 many actions you can take to increase your own rating, and additionally making sure all expense try paid off punctually and lowering your bills.

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

5. Register to help you 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 fifty situations. 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 the expenses costs

Another important action you can take to boost your credit rating and you may chances of getting the app accepted will be to maintain 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 minimum 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 clickcashadvance.com/installment-loans-ms/columbus your credit file and acquire that it’s perhaps not real, attempt to contact the lending company to have it updated. Otherwise, wrong pointers you will impression your credit score and your ability to get a home loan.

Guarantee that information such as your identity and you will target is showing truthfully, and you will dispute one problems (such borrowing from the bank searches, facts otherwise financial connectivity) you do not acknowledge. Be aware that it can take few weeks to have problems become updated, with respect to the bank together with credit reference agencies, so that the sooner you appear to your that it the better.

8. Clean out any old monetary connections

If you’ve ever got a shared monetary tool which have another individual, this may let you know in your credit file. It’s not going to apply to your credit score it make a difference to just how loan providers see you. And if you are of somebody who has a dismal credit background, it might be far better lose ties using them away from their report this cannot echo defectively on you.

First of all, ensure that the combined membership could have been signed. Up coming get in touch with the appropriate credit resource companies to demand a beneficial see regarding disassociation’ to get rid of one connections from your credit history.

nine. Boost your put

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