Buying a house/getting a mortgage in the UK

Buying a house/getting a mortgage in the uk revolves around 3 major things. 

1. Source of Income (permanent job)
2. Deposit (mini 5% of the property)
3. Good credit score. 

How to open a credit file, maintain a good credit score & buy a house in the UK 👇👇👇 

It’s a thread…

1. Open a high street bank acct (Barclays,Lloyds,HSBC)

2. Apply to vote to be added on the electoral roll (Nigerians are allowed to register &vote in the UK as commonwealth citizens)


3. Open a credit file by applying for sim only contract from EE, 3, O2Register to voteGet on the electoral register so you can vote in elections and referendums.https://www.gov.uk/register-to-vote

4. Apply and maintain a good credit card (capital one or your bank account) 

5. Check your credit report for free with clearscore, Experian, credit karma, equifax

6. Save up initial deposit for your mortgage (minimum 5% - 20%)

7. Apply for agreement in principle with your bank or mortgage broker. The maximum they can borrow you will be 4.5 x your annual income 

8. Keep building and jealously protect your credit score.

Goodluck and welcome to your new home in advance 😊🤝