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  • FIRST POST
    • beckysheffield
    • By beckysheffield 8th Jan 18, 8:22 PM
    • 147Posts
    • 15Thanks
    beckysheffield
    Building up creator history - how long
    • #1
    • 8th Jan 18, 8:22 PM
    Building up creator history - how long 8th Jan 18 at 8:22 PM
    Iím 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.
Page 1
    • zx81
    • By zx81 8th Jan 18, 8:25 PM
    • 17,284 Posts
    • 18,395 Thanks
    zx81
    • #2
    • 8th Jan 18, 8:25 PM
    • #2
    • 8th Jan 18, 8:25 PM
    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.
    • ACG
    • By ACG 8th Jan 18, 8:29 PM
    • 17,045 Posts
    • 8,932 Thanks
    ACG
    • #3
    • 8th Jan 18, 8:29 PM
    • #3
    • 8th Jan 18, 8:29 PM
    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 Adviser
    You 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.
    • beckysheffield
    • By beckysheffield 9th Jan 18, 12:37 AM
    • 147 Posts
    • 15 Thanks
    beckysheffield
    • #4
    • 9th Jan 18, 12:37 AM
    • #4
    • 9th Jan 18, 12:37 AM
    I!!!8217;ve been away for 8 years. I!!!8217;m just recently back.
    • ACG
    • By ACG 9th Jan 18, 9:40 AM
    • 17,045 Posts
    • 8,932 Thanks
    ACG
    • #5
    • 9th Jan 18, 9:40 AM
    • #5
    • 9th Jan 18, 9:40 AM
    There are lenders who will consider you.
    A 40% deposit will help, but probably one for an experienced broker.
    I am a Mortgage Adviser
    You 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.
    • anselld
    • By anselld 9th Jan 18, 10:02 AM
    • 5,766 Posts
    • 5,447 Thanks
    anselld
    • #6
    • 9th Jan 18, 10:02 AM
    • #6
    • 9th Jan 18, 10:02 AM
    Building up creator history
    Originally posted by beckysheffield
    A few thousand years should do it.
    • beckysheffield
    • By beckysheffield 9th Jan 18, 5:03 PM
    • 147 Posts
    • 15 Thanks
    beckysheffield
    • #7
    • 9th Jan 18, 5:03 PM
    • #7
    • 9th Jan 18, 5:03 PM
    A few thousand years should do it.
    Originally posted by anselld
    Lol Iím not sure why I wrote creditor history.
    • beckysheffield
    • By beckysheffield 9th Jan 18, 5:04 PM
    • 147 Posts
    • 15 Thanks
    beckysheffield
    • #8
    • 9th Jan 18, 5:04 PM
    • #8
    • 9th Jan 18, 5:04 PM
    There are lenders who will consider you.
    A 40% deposit will help, but probably one for an experienced broker.
    Originally posted by ACG
    I went to one today.... seemed too easy. Said I needed to pass credit check and I can get a small mortgage.
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