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Can your credit report help when moving house?

Yes, is the simple answer, and in many ways. Today we’re going to talk about how your credit report can affect getting a mortgage offer.

You can remove valuable time from the mortgage application process by making sure your credit file shows the information lenders want to see.

It’s always a good idea to make sure all information is up-to-date and if you have any defaults or CCJs on your file that are due to come off automatically soon, waiting for them to be removed should make your application go that bit smoother.

Keep an eye out for the below because lenders will pick up on these immediately:

– Late payments or defaulted accounts
– CCJs or other court information
– Not being listed on the Electoral Roll with all four credit reference agencies
– Any Financial Association
– Get an agreement in principle

Contrary to popular misconception, there isn’t a minimum credit score that lenders look for before accepting a mortgage. It’s a good idea to think twice about a sudden career change during the application process as this could affect your chances of being granted a mortgage.

If you’re about to start applying for a mortgage you can check your credit score here.

Or, if you’re keen to know more, you can speak with us.

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