Smart homebuyers keep on top of their finances

With increasingly strict lending criteria proving a stumbling block for many in today’s market, ensuring that any loans or credit agreements are serviced efficiently and do not become overdrawn could make the difference between being offered or refused a mortgage.

However, while a healthy credit score is likely to prove the deciding factor for many lenders, a large number of consumers still have no idea what their score is, or what steps they can take to improve it, warns SmartNewHomes.com.

As a result, SmartNewHomes.com has formed a new partnership with Credit Expert from Experian, which will allow all new homebuyers searching their site to access an instant credit report, free of charge.

David Bexon, Managing Director of SmartNewHomes.com, comments:

“Homebuyers are increasingly reliant on a good credit score to secure the necessary mortgage on their next home, yet the majority of people have never even seen their credit report. Our partnership with Experian allows visitors to our site to lay even more groundwork ahead of their purchase.

“Homebuyers can kill two birds with one stone – after finding their ideal home on the site they can access their Credit Report and get an overview of their financial situation, including information on any outstanding debts or issues with repayments which may affect their mortgage application.”

Visitors to the SmartNewHomes website can now click directly through to Credit Expert from Experian, allowing those who have found their next home to access their own personalised credit report and 30 day trial of the Credit Expert online monitoring service, all free of charge. Homebuyers can now check on the history and current status of their accounts and loan agreements before applying for a mortgage, while gaining access to tips and advice on how to improve their credit score if necessary.

For more information and to search the database of new homes, log on to Smartnewhomes.com.