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 numerous things to do to increase their score, and making certain that all of your current debts is actually repaid timely and you will reducing your expense.

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

5. Register 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 items. 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. Keep the expenses costs

Another essential action you can take to increase your credit rating and you will probability of getting the app approved would be to keep the expenses costs.

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 products 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.

For people who look at your credit report and find that it’s maybe not exact, just be sure to get in touch with the financial institution to get it current. Otherwise, incorrect recommendations you can expect to feeling your credit score plus power to rating a home loan.

Guarantee that facts such as your identity and you can address try demonstrating correctly, and you will conflict people problems (such as for example borrowing queries, issues otherwise monetary contacts) that you do not acknowledge. Bear in mind that it takes few weeks to have errors to-be updated, according to financial while the borrowing from the bank resource agencies, and so the sooner or later you appear toward this the greater.

8. Eradicate one old economic links

If you have ever got a shared monetary product that have another individual, this will reveal on your credit report. It won’t apply to your credit score it make a difference just how loan providers view you. And if you’re for the anyone who has a woeful credit background, it would be best to beat links together with them away from your declaration which cannot echo badly you.

First, ensure that the combined account might have been signed. Upcoming contact the relevant borrowing from the bank source enterprises so you’re able to consult good notice regarding disassociation’ to remove people links from your own credit history.

nine. Enhance your deposit

The higher your deposit, the lower the amount you’ll need to borrow from the bank. This is known as your loan to help you 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 online personal loans South Dakota down upfront (usually over 10% of the value). If the house value was to drop, you would be less likely to go into negative guarantee with a large deposit behind you.