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Crdit Rating and Mortgage applicatons
neas
Posts: 3,801 Forumite
Hi All,
Im waiting a year or so to buy a house (house price crash anyone? :P) but was wondering what affect a credit rating plays into things.
I.e I haven't had a credit card, i pay mt mobile phone bill (for 2 years) and rent bills ontime.. never been in debt and have 20k deposit to put down with my partner and I.
Was just wondering if i would need to get a credit card to get a mortgage? I.e need to pay back in full the credit card every month to build more credit rating?
Im waiting a year or so to buy a house (house price crash anyone? :P) but was wondering what affect a credit rating plays into things.
I.e I haven't had a credit card, i pay mt mobile phone bill (for 2 years) and rent bills ontime.. never been in debt and have 20k deposit to put down with my partner and I.
Was just wondering if i would need to get a credit card to get a mortgage? I.e need to pay back in full the credit card every month to build more credit rating?
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