You’ll be pleased to hear that you can actually check your own credit report as often as you like without any impact on your credit rating whatsoever. While every check of your report creates a search footprint, only the footprints left behind by actual mortgage agreements in principle are seen by lenders and can be used to calculate credit scores.
The mortgage brokers at Reach Financial Services want to ensure we recommend the right mortgage lender to you first time, having access to your personal credit file will not only mean we can carefully consider your lender options, but also discuss any alternative options with you.
Some mortgage brokers will not review credit files and try to place customers with the wrong mortgage lenders, this can leave hard foot prints on your credit file, too many could start to affect lending decision from other mortgage companies.
If you haven’t checked your credit file before or even if you have it can be daunting, the advisers at Reach Financial Services can help you to better understand how your credit status will affect applications for mortgages or secured loans.
You may have been refused a mortgage application, although your credit report is showing a good score. Each mortgage lender has its own lending criteria, this is made up of your credit file and other factors, such as borrowings against value of the property, time with employer or at your current address. No lender is the same and the advisers at Reach Financial Services can recommend the right lender to meet your current and future needs.
"I would like to feedback how fantastic everyone has been throughout us applying for a mortgage and insurances etc. Everyone has been so kind and professional at all times - faultless! I will be recommending your services to others"
10 September 2014