Mortgage providers perform various background checks when you apply for a mortgage and they calculate a credit score based on your credit history. If your credit history is poor, your application will automatically be rejected, so, it pays to take some time out to check yours is the best it can be.
You can view your credit history for free on the Equifax, Experian and ClearScore websites. It’s advisable to check all three credit reference agencies if you can, as the information each holds on you can be different and you won’t know which your mortgage provider will use. You need to look for any mistakes on your records and talk to the credit agency about correcting them.
Your records will show any financial products you currently have and how much credit you have available. If you’ve got credit cards showing that you no longer use, now is the time to close them down, as this could impact on how much your mortgage provider is willing to let you borrow.