What Will Stop You Getting A Mortgage?
What may stop you getting a mortgage is a bad credit report.
If you’ve never seen your credit report, you need to do so as soon as possible.
Your credit report is the key to having the loans, credit cards and mortgages you need. Your credit report contains all of your personal financial data.
Credit Reports detail your borrowings and your credit repayment track record, together with other information, such as any county court judgments that may be outstanding and whether you are registered to vote by being listed on the electoral roll.
If you’ve been turned down for a loan, credit card or mortgage this can be a demoralising experience, especially if you haven’t a clue as to why it’s happened. For your information we’ve listed a selection of the most common issues that can trigger a rejection by a lender - and what you can do to rectify the problem.
Lenders use this data, together with information on your application, to determine what the likelyhood is of you repaying them, together with how much you can reasonably afford, and the rate of interest to set.
It definetly pays to check your credit report before you make an application for a mortgae, so you can be fairly certain it’s up to date and reflects your financial situation accurately.
Whatever your situation you can rely on specialists; The Bad Credit Mortgage Centre for help in acquiring the right product to fit your particular circumstances…
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