We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
How Long to Build UK Credit History
marathonic
Posts: 1,786 Forumite
At the moment, I'm considering moving to Northern Ireland from the Republic of Ireland.
I've a reasonably big deposit but, as most mainstream lenders aren't available to me with no credit history in the UK, I'm considering purchasing a small flat with cash initially (one that requires some improvements) and living in it whilst doing it up.
I have a Northern Ireland bank account and was recently approved via their internal checks for a £1k credit card.
When I move into the flat, I'd apply with them for a £10k loan over 18 months for home-improvements and apply to get on the electoral registrar.
How long would it take for the majority of mainstream lenders to give serious consideration to any future mortgage application for a home? I'm assumming it'll be at least 2-years and possibly 3.
I've a reasonably big deposit but, as most mainstream lenders aren't available to me with no credit history in the UK, I'm considering purchasing a small flat with cash initially (one that requires some improvements) and living in it whilst doing it up.
I have a Northern Ireland bank account and was recently approved via their internal checks for a £1k credit card.
When I move into the flat, I'd apply with them for a £10k loan over 18 months for home-improvements and apply to get on the electoral registrar.
How long would it take for the majority of mainstream lenders to give serious consideration to any future mortgage application for a home? I'm assumming it'll be at least 2-years and possibly 3.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards