How to improve credit score uk and why is a positive credit score or credit report important for property investors?
DOWNLOAD "21 IDEAS TO IMPROVE YOUR CREDIT RATING" HERE...
yourfirstfourh...
Before I go any further here, I have to make one thing very clear - I am NOT FCA approved and so if you decide to act on any of the stuff I'm suggesting, before doing so, please seek independent financial advice, ideally for an independant mortgage broker who can firstly determine if you are unmortgageable - or indeed suggest ways in white you can improve your credit score so you can become mortgageable again.
Phew... I'm glad we got that out the way!
Having a bulletproof credit rating is certainly NOT essential if you're going to invest in property, but there's no question it helps. Obviously, the higher your credit rating, the more appealing you are to lenders when it comes to getting a mortgage and the better exposure you'll have to better rates of interest on your finance.
So let's start by finding out what your credit rating or credit score actually is.
I personally use...
www.Noddle.co.uk
...to keep in tune with my credit rating, because unlike others, Noddle is free for life, not just for 30 days. It uses Call Credit, which is one of the big three referencing companies (the other two being Equifax and Experian).
All lenders use at least one of these companies, in addition to gathering other information about you, before deciding if they're going to lend to you. So go to their site, enter your details, and in a few minutes, you'll uncover a wealth of financial information about yourself and I bet there'll be one or two things in there that may actually surprise you!
I hope you found these 8 tips helpful, but more importantly I really hope you take a moment to download the "How To Improve Your Credit Rating" eBook, as there's a total of 21 really good actions that you can take to help improve your credit rating.
Please take a moment to subscribe to my RU-vid and Facebook channels if you haven't already done so as this way I can keep you up to date when the next video is available for you.
I've also added below a link to every property tool I use - which I thought you might find helpful :-)
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DOWNLOAD MY PROPERTY TOOLS...
yourfirstfourh...
12 сен 2024
