ChatterBank1 min ago
Credit Report
2 Answers
I have just done a credit check on myself (firts time ever at my age)!
It came back with a credit rating that would be classed as good - I have four postives and just one negative.
How can I improve the rating and would my rating be considered good enough if I wished to apply for a buy to let mortgage
TIA
It came back with a credit rating that would be classed as good - I have four postives and just one negative.
How can I improve the rating and would my rating be considered good enough if I wished to apply for a buy to let mortgage
TIA
Answers
Best Answer
No best answer has yet been selected by Ric.ror. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ. well the answer is yes....OK I mean
but I would go along to a bank or the place that you have selected to give you a mortgage and run it by them.
I imagine that you are wondering about applying and being turned down and this affecting your rating. But at the Bank they give you lots of chance to call it off before they press 'send'
altho it turns out that you pay the mortgage with the rent, you do need an alternative source of income (to cover the void periods) and basically you will be limited to three times your salary
and they will want a decent deposit.
and good luck
but I would go along to a bank or the place that you have selected to give you a mortgage and run it by them.
I imagine that you are wondering about applying and being turned down and this affecting your rating. But at the Bank they give you lots of chance to call it off before they press 'send'
altho it turns out that you pay the mortgage with the rent, you do need an alternative source of income (to cover the void periods) and basically you will be limited to three times your salary
and they will want a decent deposit.
and good luck