How to increase your credit score
there are basic 7 principles through which you can increase your credit score
1. DO NOT MIX PERSONAL AND BUSINESS BANK ACCOUNTS-OPEN A SEPARATE BUSINESS ACCOUNT
2. YOU DO NOT NEED TO WAIT TO HAVE 2 OR 3 YEARS INCOME-SOME LENDERS ACCEPT JUST 1 YEAR INCOME.
3. SOLE TRADERS – DECLARING LOWER INCOME MEANS LOWER MORTGAGE BORROWING
4. LIMITED COMPANY DIRECTORS – DO NOT TAKE OUT ALL YOUR PROFITS, SOME LENDERS WILL CALCULATE AFFORDABILITY BASED ON PROFITS.
5. PREPARE YOUR INCOME DOCUMENTS – FAILING TO PLAN IS PLANNING TO FAIL.
6.DON’T JUST SIMPLY APPLY WITH YOUR BANK – SOME LENDERS DO NOT FAVOUR SELF EMPLOYED APPLICANTS
7.ENGAGE WITH A MORTGAGE BROKER AS EARLY AS POSSIBLE TO EXPLORE YOUR OPTIONS.