In my last blog I promised to talk next about improving your credit rating and providing some useful hints and tips. In your very first steps to becoming involved in property it can be a daunting prospect knowing exactly where to start. Knowing your credit report and the financing possibilities for your own situation is definitely one of the first steps. I feel that without knowing this information you can't really begin to create a plan for how you're going to achieve your end goal. The main 3 credit reference agencies in the UK are: Experian , Eqifax and callcredit. These agencies gather information about your credit and payment history and compile it into a credit report along with a credit score to show lenders how reliable you would be at paying them back. Lenders will request this information from one or more of the agencies whenever you make an application for credit, and your credit report/score will then help them decide whether they would like to lend to yo...
Passionate about all things property and finance.