Reporting your rent payments could boost your credit position - that's why we've teamed up with CreditLadder, the first and only way for you to do this with the four main CRA's (or Credit Reference Agencies) in the UK.
Your credit position is one of the aspects of a mortgage application that a lender really scrutinises. Having a higher credit score for a mortgage shows them how good you are at paying money that you’ve borrowed back. Having a higher credit position would show them that you’re a safer bet to lend money to than someone with a lower credit score. Lenders could also be inclined to offer you a lower rate or you’ll potentially have more offers to choose from, so you’d be able to choose the rate that suits you.
As well as the standard mobile phone contracts and our other credit score boosting tips, reporting your rent payments can boost your credit position too. It can prove that you’ve been making repayments for a set time. Interested in adding rent payments to your credit report? Through our expert partner you’ll be able to:
This service is provided through Beehive Money’s Marketplace by CreditLadder - the UK’s first rent reporting platform. CreditLadder allows tenants to have their rent payments reported to the four main CRAs in the UK.
We can help you with all your homebuying needs and hope to help you along the way with our carefully picked specialist partners.
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