Generally speaking, the fewer addresses the better, when it comes to your credit score and applying for mortgages. That being said, it seems that many First Time Buyers and Home Movers are becoming savvier and aware of their previous and current addresses.
It’s now becoming a fairly common practice for applicants who have moved out of their parents address into rented accommodation to think it is a good idea to leave their bank statements, credit card and Electoral Roll information registered at the address they previously lived at.
Whilst this sounds ideal in theory, ultimately it is now a flawed strategy. Almost without fail, if you have moved to a new address, there will be some record of this, somewhere on your credit report. This could be from a delivery address when you have ordered something online or a car/home insurance search, amongst other things.
By far the best strategy for you if you are thinking about taking out a mortgage is to get all of your accounts, cards, accounts and electoral roll changed over to your new address.
When updating your address on your credit file and electoral roll ensure you double-check the date in and date out. If you do happen to make a mistake with these dates, it may look like you are living in two places at the same time. Correcting your addresses and dates is a more open and honest way of trying to apply for a mortgage.