Credit Score
You credit score is the most important factor in determining whether or not you get a mortgage or not. It is also determines the amount that a lender is prepared to lend to you.
There are two main providers of credit information and they are:
Before you apply to a lender is very important that you obtain a copy of your own credit report. Their are a number of reasons and one of the main ones is just in case it contains incorrect information.
Getting declined by a particular lender though does not necessarily mean that you have a bad credit score as a lot of lenders simply increase their credit scoring criteria to control the level of business they want to do. This is happening more these days when lenders can literally pick and choose.
Once you have obtained you credit file it can be very confusing knowing what the information means. Please send your credit file to us at mortgage xperts and we will give you our expert opinion and advise you as to the best lender to approach.
Please contact us for further information
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Liverpool
L9 8BU
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