Improving Your Credit In Preparation For A Mortgage

Your credit plays a big part in a lender's assessment, so how do you improve it before applying for a mortgage? [Improving your credit in preparation for a mortgage]( [alt_text]( Call us on: [01473 356 284](tel:01473 356 284) Your credit plays a big part in a lender's assessment when you [apply for a mortgage](. So, [how can you improve it]( before you apply, to increase your chances of obtaining a competitive product? Start by obtaining copies of your credit report from all three of the credit reference agencies, Equifax, Experian, and TransUnion. If anything looks wrong or inaccurate then contact the right agency with supporting evidence to get it put right. Next, we would advise closing any unused credit accounts. If you have many sources of credit open, then a lender may see this as someone who is nervous about their finances. One final step you can take is to rebuild your credit. Whilst we do not advocate paying for things on credit unnecessarily, you can do so by using something like a credit card. Using a credit card for small purchases and paying it back on time demonstrates good money management. If you struggle with [bad credit]( want to obtain a mortgage, why not [reach out today]( Our advisors can discuss your situation, provide you with tailored advice and pair you with specialist bad credit lenders. [alt_text]( [Use our free mortgage calculators below – no credit checks!]( [alt_text]( [Bad Credit Mortgage Calculator]( Fill out a few details to see if you are eligible for a Bad Credit Mortgage. [alt_text]( [Mortgage Affordability Calculator]( Complete your income details to give yourself an idea of how much you could borrow. [alt_text]( [Buy-to-Let Mortgage Calculator]( Fill out your details and see how we can help you secure a mortgage. [alt_text]( [What]( is the current state of the Buy-to-Let mortgage market? With the new Renter's Rights Bill being discussed in parliament just a couple of weeks ago, [Buy-to-Lets]( have been a recent focus within the mortgage market. So, how does the current market look for Buy-to-Let mortgages? Well, Buy-to-Let [interest rates]( have fallen to the lowest levels since September 2022, following a long period of high inflation, with rates peaking in August last year. Pairing this with an improvement in criteria from lenders, means that now could be a good time to consider a Buy-to-Let mortgage. With speculation around rates dropping again slightly following the base rate cut, why not explore your options? [Reach out today]( and you can organise a free, no-obligation consultation with one of our specialist advisors. Speak to an expert! [alt_text]( Follow Us [alt_text]( [alt_text]( [alt_text]( [alt_text]( [01473 356 284](tel:01473 356 284) [justmortgagebrokers.co.uk]( Just Mortgage Brokers Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. Just Mortgage Brokers Limited. Registered Company number: 08389911. Registered office: 22-24 High Street, Needham Market, Ipswich, IP6 8AP YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT. SEPTEMBER 2024 [Unsubscribe](