Know the score on mortgages: a blemish on your credit file could cost thousands

Check with all the agencies before applying, as one blip could mean signing up to higher rates

Mortgage rates are at record lows, with Halifax this week launching a fixed-rate deal priced at 0.83% – but these ultra-low rates are typically only available to those with an unblemished credit record.

Negative information on your credit file relating to something a few years ago may not necessarily stop you from getting a mortgage but it may end up costing you thousands of pounds a year extra if it means you are forced to sign up to a higher interest rate.

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