Length of stay at current address
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Length of stay at current address
The longer you have stayed in one place, the more stable your finances are likely to be. In particular, it is very unlikely that any financial institution will lend money to someone who is not on the electoral roll at the address they provide on the application form. Therefore, if you have recently moved, and intend to apply for any kind of borrowing, it is essential to check with your local council that your details have been registered on the electoral roll.
If they have not, it may take up to one month for your application to be processed and for it to be available for the credit-reference agencies.
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