4 Essential Ways to Repair Your Credit to Buy a Home

What is a good credit score? Why does it matter to you? When we are younger, the stakes are lower. You didn’t have to worry about a credit score because you weren’t planning on buying a home anytime soon. But, as you get older and want to land a dream job, get a mobile phone contract, or most importantly buy a home, your credit score is crucial. Below, we will explore why a good credit score matters and how you can fix your credit.

Why Do You Need a Good Credit Score?

A good credit score essentially gives you more choices. Homebuyers with the best credit can typically get the lowest mortgage interest rates. On the other hand, if you have poor credit, you are considered a subprime borrower. This label gives you fewer options and higher interest rates.

What is a good credit score? And what credit score is needed to buy a home? The answer to this can vary from lender to lender. Yet, good credit scores with the main credit reporting agencies tend to fall into the following ranges:

Equifax  – 420 to 700

Experian – 880 to 999

Call Credit – 4 to 5

We encourage you to check your credit score about once a year to track your progress and to make sure there are no false debts that are hurting your score.

How to Repair Your Credit

Your credit score shows lenders your ability to pay money back. Therefore, most of the ways to repair your credit involve you making on-time payments for debts you owe. Here are some tips:

Show You Are Stable – Prove to banks that you are able to effectively manage your finances by opening and paying for your internet contract, utilities, and other monthly payments on time.

Pay on Time – Your credit score will be seriously impacted if you receive any court judgements for debt. Therefore, seek debt advice if you find you are having issues keeping up with your payments.

Do Not Have Too Many Credit Cards – Potential lenders may see you as a high risk if you already have several open accounts with high credit limits. Improve your chances of securing a mortgage by closing the accounts you no longer use.

Don’t Move Around – When mortgage brokers see that you have lived in one spot for a significant time, they feel more comfortable. It also helps if you have kept a steady job.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Home and Living

High Quality Modular Homes for the UK

Are you looking for added accommodation space in your garden / on your land? Modular Living Homes by tutumHOUSE offer a new way to live – minimalist in form, rich in experience. “There are approximately 9.6 million homes in the UK with a garden shed, and around 52% of the population owns one.” asgardsss There…
Read More
Estate Agent Talk

The most stressful places to move to in the UK

With more people in the UK moving homes during summer than any other season and the average cost of moving in the UK rising to over £14,000, picking the right place to move to has become more crucial than ever. Luckily, new research from Pay Less for Storage reveals the UK cities that make life easiest…
Read More
Estate Agent Talk

Time-Traveling Estate Agent Sequel Climbs Amazon Charts

A UK Estate Agent Currently Bringing Joy to People’s Lives – Shame He’s Fictional…   Eric Meek, the fictional estate agent created by author Dale Bradford, is back for a second outing in The Time‑Travelling Estate Agent 2, a sequel that is already climbing Amazon’s bestselling time‑travel rankings. Estate agents were recently highlighted as the third…
Read More
Estate Agent Talk

Is it finally time for lenders to back green homes?

Andrew Smith weighs the risks and rewards Property developers are increasingly pitching green homes to lenders; however, with sales cycles slowing down and repair costs rising, is now the right time to back sustainable builds and at what price point is there market demand? Sustainability is continuing to shape our future of construction with the…
Read More
Breaking News

Breaking Property News 24/07/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   OpticWise – digital infrastructure in commercial real estate If your building were a product, how would it perform on the user experience scale?  Week 9: Experience as Infrastructure – Designing for Human-Centric Buildings Welcome to Week 9 of our 52-week journey into the future…
Read More
new build homes colchester essex
Breaking News

UK Housebuilding Falters as Construction Hiring Flatlines

New research from Inventory Base reveals that UK construction industry employment has increased by almost 11% in the past five years, but there has been less than 1% growth in the past 12 months. Inventory Base’s analysis of the UK construction industry shows that in 2024 (latest data available) it employed an estimated total of…
Read More