FTB - going to apply mortgage in July

vasu_35

Hi,

I will be applying for mortgage in July and my credit score is EXCELLENT with Experian now, but i want to get new mobile contract now, will that have any impact on my application in July?

Thanks
V

Let_Us_See

Only a lender will annualise the monthly contact as an existing financial commitment and deduct from salary.

Malmo

The Experian score is irrelevant. lenders will assess you based on their own criteria and internal scorecard. Experian isn't the only UK credit reference agency so It's important that you to take the time to thoroughly review your credit files/reports from all 3 Credit Reference Agencies (Experian, Equifax, Callcredit/Noddle).

I've read countless threads here where posters haven't done this in preparation ahead of time and have had problems either obtaining a mortgage AIP/DIP or have been refused at full application or underwriting.

Take a look at this post for what you should do.