What is CheckMyFile? CheckMyFile is a credit reporting service in the UK that gives a complete overview of your credit history. It pulls data from 3 major UK credit agencies: Experian, Equifax, and TransUnion. This gives you a single report showing everything lenders typically see when they decide if you can borrow money. While each […]
Blog
Everything You Need To Know About CheckMyFile
Can I Rent Out My House Secretly In The UK?
Is It Legal to Rent Out My House in Secret? While it’s not technically illegal, renting your house without your mortgage lender’s approval is a big NO-NO. This is because you’re breaking the rules you agreed to when you got the mortgage. Most mortgage contracts in the UK clearly state that you can’t sublet or […]
Can You Buy A House Through Your Business?
Can You Actually Live in a House Owned By Your Company? Living in a house your company owns sounds tempting, but hold on! It’s not all sunshine and roses. If you live in a house owned by your own business, the taxman (HMRC) will consider this a ‘Benefit in Kind’. A perk on top of […]
Can I Sell My House If I Have An Equity Release?
What Is Equity Release and How Does It Work? But first, a quick recap on equity release for those unfamiliar with how it works. 🤓 Equity release lets you access its value in cash while you keep living there. There are two main types: Both are means of getting cash from your home for retirement […]
How To Get Consent To Let To Buy Another Property?
What is Consent to Let and How Does it Work? Consent-to-let is a formal agreement or permission from your mortgage lender to rent out your house temporarily. It’s not a new loan, but an approval from your lender. Most residential mortgages don’t allow you to rent out your property without permission. By getting consent to […]
Mortgage Lenders That Don’t Credit Score Explained
Are There Mortgage Lenders That Don’t Credit Score? The short answer is yes, there are some mortgage lenders in the UK that don’t rely as heavily on credit scoring for approval. But, the reality is that most BIG high street banks and mainstream lenders do use credit scoring as a KEY part of their mortgage […]
