Moving into a new city can be thrilling, but updating your address for all services, can be taxing. If you’ve moved to London from another county in the UK, it may not be that cumbersome, since it’s a switch from one county of the UK to another.
An ongoing credit history will be instrumental in easing your loan search in and around London. It’ll be ideal if your credit history doesn’t include defaults or County Court Judgment (CCJs) – it’ll give you an edge and amplify your chances of qualifying for competitive interest rates.
The one thing that could potentially affect your application isyour electoral registration. If you move to London from another county, you will have to renew your registration on the electoral roll with your new address.
If you live in Wales, England or Scotland, you can visit your local Electoral Registration Office to register again. Make sure that you carry a proof of address for verification to the Registration Office.
As long as the lender is able to verify your identity and address, and credit history, borrowing a personal loan won’t be much of a challenge.