To access the best mortgage deals it is important to have a good credit rating. 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.

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There are numerous activities to do to increase your own get, together with making sure all bills are reduced timely and you will lowering your bills.

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

5. Check in to choose

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 factors. 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 your statement costs

Another significant action you can take to increase your credit score and you will likelihood of getting the application approved will be to keep your bill 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 things 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 fee, so that your credit file isn’t affected. Consider setting up a direct debit so you never miss a payment.

For individuals who look at your credit history and get that it’s perhaps not direct, you will need to contact the lending company to get it up-to-date. If you don’t, wrong suggestions you can expect to effect your credit score along with your capacity to rating a mortgage.

Make sure info just like your label and you will address is actually showing correctly, and you will conflict one errors (such as for instance credit queries, points or monetary connectivity) you don’t understand. Keep in mind it requires few weeks to own mistakes is up-to-date, according to bank while the credit reference company, therefore the fundamentally you look towards the which the better.

8. Beat one old financial links

If you have ever got a mutual financial device which have another individual, this will show in your credit report. It will not apply at your credit rating but it make a difference to exactly how loan providers see you. And if you’re of anyone who has a poor credit history, it could be best to cure ties together from the statement that it will not mirror defectively you.

Firstly, ensure that the joint account might have been closed. Upcoming contact the relevant borrowing resource agencies to help you request a great observe of disassociation’ to remove people ties from your own credit report.

nine. Improve put

The higher your deposit, the lower the amount you’ll need to borrow from the bank. This is known as your financing in order to well worth‘ (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.