Mortgages: good or bad for your credit rating?

Updated
a woman signs a purchase...
a woman signs a purchase...

A housing boom is officially well underway. House sales have hit a six-year high, and prices are predicted to rise anything up to 10% this year. Mortgage rates are near historic lows, and the Council for Mortgage Lenders says that almost 50,000 mortgages are being approved every month.

But before you leap head-first into the mortgage market, it's worth understanding its effect on your wider finances.%VIRTUAL-SkimlinksPromo%

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