Everything you need to know about NatWest mortgages

How to improve your credit score

If you’re looking to get a mortgage from NatWest, you should try and make sure you have a healthy credit score. This is because having a positive credit score will give you a better chance of being accepted for a mortgage from NatWest. We know it’s not always easy to keep a healthy score, so we’ve listed a few things you can consider to help you improve it: 

• Make payments on time – try to be prompt with your payments as being late with them, or even missing payments entirely, has a negative effect on your credit score. Being prompt with payments gives you a healthier credit score, meaning NatWest are more likely to see you as the ideal candidate for a mortgage! Make sure you keep on top of whatever payments you need to make, because failing to do so can leave marks on your credit report for up to 7 years. Having this on your credit report might affect how much NatWest are willing to lend you.
• Keep your balance low – carrying a high balance across several credit cards has a chance to make NatWest view as a higher-risk individual (more likely to default on mortgage payments). What you should do instead, is to keep your balance low in relation to your credit limit. This gives NatWest a strong message that you are using your credit responsibly.
• Combine types of credit – if you’re taking out multiple types of credit, try not to spread it out across more than two credit cards. Diversifying your credit across one or two credit cards is viewed by banks as a healthier credit situation.

Remember your credit history too. This is the summary of your overall time accessing credit and your various payment trends. Make sure you keep on top of the points listed above and your credit history will be much healthier. If you need to check your credit score, there are a few free websites such as Experian.