A short YouTube monologue by Ndubuisi 'Andy' Egwim describing how neglecting credit history almost derailed his first UK mortgage application. He explains common credit-score pitfalls—not being on the electoral register, opening many accounts, and missed payments—and advises viewers to watch out for these mistakes when buying a home.
Foreign. Ignoring credit history now this almost caught me out when I was buying my first house several years ago in the uk. I saved up the deposit but I didn't pay much attention to my credit history. Why would I? I have not borrowed any money. I didn't even have a credit card for years or any other loan so I thought it was fine but when I tried to get a full contract I got rejected. Then when I went for my first mortgage I was in for a surprise. Luckily I had a mortgage advisor who stepped in and explained to me the credit rating and my credit rating wasn't strong just because my credit score was great and he also explained to me that simple things like not being on the electoral register, opening too many accounts and even if missing out paying on something, these are things that can affect your credit score or credit rating as an img. So watch out for these things and don't make these mistakes.
