Building up creator history - how long
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beckysheffield
Posts: 328 Forumite
I’m an expat and built up a deposit Overseas. I have no credit, ideas of how to change this? I could perhaps have a 40% deposit on a small studio.
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The simplest route to build a credit file is to make sure you're on the ER, then get a credit card, use it and clear in full each month.
Manage it responsibly and over time, opportunities will open up. Try an eligibility checker, but you are probably looking at one of the sub prime lenders to begin with.
A couple of years of solid behaviour should put you in a much better position.0 -
How long have you been in the UK?
With a 40% deposit, you will probably have options even with a limited credit history.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
I’ve been away for 8 years. I’m just recently back.0
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There are lenders who will consider you.
A 40% deposit will help, but probably one for an experienced broker.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
beckysheffield wrote: »Building up creator history
A few thousand years should do it.0 -
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