Nowadays, obtaining a mortgage can be complicated. We all have credit scores, whether we know it or not, and our chances of obtaining a mortgage offer will be largely determined by that score. Therefore, the best way to check out your score before you apply for a mortgage is to use one of the major credit scoring companies such as Equifax or Credit Expert.
Obtaining a credit check might enable you to address incorrect information held on your account or rectify bad practices.
For example, never miss payments on credit cards, loans or utility bills. Try your best to stay out of your overdraft and never go overdrawn without a facility in place.
Make sure you are registered to vote! It may seem odd to you, but lenders will check your name against the voters register. If you are not there, you have a problem. Register to vote!
Cut back on expenses. Nowadays lenders will need you to prove that you can afford to repay your mortgage even if interest rates rise. They will want to see your monthly expenses so that they can work this out, so before you apply take a few months to cut back on unnecessary expenses.
Whilst you’re at it, get all your paperwork in place. Find those P60s and line up all your paperwork so that the application can be submitted and run smoothly.
Finally, use a mortgage broker! OK, so you might expect us to say that, but at Mortgage Required, we are experts in arranging mortgages for our clients. Just because you might not be every lender’s ‘cup of tea’ does not mean we can’t find a mortgage that is right for you!
Related Blog articles:
- How to Improve Your Credit Score
- Can I get a Mortgage with a Bad or Poor Credit rating?
- What Credit Checks do Mortgage Companies do?
For more information speak to a mortgage adviser on 01628 507477 or contact us .
Recent posts
Data shows landlords could miss out on green mortgages due to expired energy performance certificates.
Buying a house is a big deal, and where you are planning to buy will make a difference financially. In this short blog, we look at the most affordable and most expensive areas and how much you need to be earning to buy in there.
Pros and Cons of Equity Release
11 days ago
Equity release is a type of mortgage that allows homeowners 55 and over to access money from their property's equity without having to leave their home. This is done by securing a loan against the house which is usually repaid by selling the property when the borrower passes away or has to move into long-term care.
Your House Viewing Checklist
12 days ago
It’s important to ask questions about the property you are interested in before taking that step to make an offer. A little probing can make all the difference between buying your dream house or something that requires a lot of work.
Half of over 60s predicted to benefit from accessing housing wealth through Equity Release
15 days ago
There are millions of homeowners over the age of 60 who are likely to release money from their homes to pay for their lifestyle during retirement giving those who are 'asset rich but cash poor' a way to live out their retirement the way they wish.
Average Age of the First Time Buyer in the UK
22 days ago
The average age of a first-time buyer in the UK is two years older than 10 years ago. This is understandable with managing the cost-of-living and challenges within the economy such as high interest rates making it difficult to get onto the property ladder.
Delayed Start Mortgage from Skipton
24 days ago
Skipton Building Society launches ‘Delayed Start’ mortgage meaning first time buyers won’t be required to make repayments for the first three months.
According to a survey by Skipton, first time buyers who bought their home in the last five years found that in the first three months of living there, they were spending upwards of £30,000.
Gardening Tips for Beginners
2 May 2025
If you have recently moved into a property with a garden that requires a little TLC, or you’d like to get on top of your current green space, check out our tips.
More information
Trusted by
