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 many different things you can do to improve the rating, and making certain that your expenses try paid punctually and you can lowering your expense.

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

5. Register so you're able 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 points. 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 eligible.

six. Keep the statement payments

Another essential action you can take to improve your credit score and you will probability of getting your app accepted would 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 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 lowest fee, so that your credit file isn't affected. Consider setting up a direct debit so you never miss a payment.

For folks who check your credit report and get that it's perhaps not precise, you will need to contact the lender to have it upgraded. If not, completely wrong information you are going to impact your credit score and your capacity to score home financing.

Make sure information such as your title and address is actually indicating precisely, and argument people mistakes (including borrowing hunt, circumstances otherwise economic relationships) that you don't understand. Keep in mind it will take a few weeks to have mistakes as up-to-date, depending on the lender as well as the credit resource agencies, and so the fundamentally you look toward it the better.

8. Treat one old financial ties

If you've ever had a joint financial equipment which have someone, this will show in your credit history. It won't apply at your credit rating nonetheless it can impact how lenders see you. So if you're from the somebody who has a poor credit record, it will be better to clean out ties using them away from their statement it cannot echo badly on you.

First of all, ensure that the joint account could have been signed. Upcoming contact the appropriate credit source providers so you can request a beneficial notice regarding disassociation' to remove one links from the credit history.

nine. Improve your deposit

The higher your deposit, the lower the amount you'll need to borrow from the bank. This is known as your financing to help you 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 installment loan Dallas 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 guarantee with a large deposit behind you.