As we move into the new year, many people may be considering preparing to buy their first home, or moving to another property.
As part of any mortgage application, lenders will carry out credit checks against your credit file. This month’s article will focus on ensuring you have your credit file in the best shape possible, in advance of applying for a new mortgage.
It’s important to note that lenders don’t just assess your application against your credit score (number). They will also look to consider any additional information such as missed payments and / or defaults contained within your credit file. This helps the lender to reach a decision on whether there is any risk associated with lending to you.
