Getting onto the property ladder is challenging at the best of times, but with volatile interest rates, a shortage of affordable housing, and the cost-of-living crisis, home ownership can seem out of reach for many. To give yourself a better chance of securing a mortgage, many experts recommend being ‘mortgage ready’, which involves buyers taking a hard look at their financial management, as a lender might before granting a loan of hundreds of thousands of pounds.
Leaving them open can leave you vulnerable to fraud, and/or keep out-of-date information about where you live. While a poor credit score doesn’t rule you out for a mortgage, it can certainly reduce your chances. “To maximise your options, spend some time getting your credit history in its best shape possible.