If you're young, rent, either have or are planning a family but want to buy a home then it can seem impossible.

Older people - smug in their mortgage-free homes bought when houses were ridiculously cheap - often suggest that younger people should just 'get on with it'.

But what they don't realise is how difficult it is to get on the property ladder. Mortgages are trickier to obtain, house prices are sky high and the deposit required by lenders can be tens of thousands of pounds.

But becoming a parent changes you attitude to risk. Many parents want to own the home that they raise their children within, if they can. And one of the biggest barriers preventing them from doing it is a poor credit score. And that's where CreditLadder can help.

Apply for a mortgage and your credit score can be crucial. If it's in good shape then happy days. If it's not, then you'll need to work hard to improve it. Why? Because a good crediut score will make it both more likely you're given a mortgage, and help secure the best deals.

By registering with Credit Ladder your monthly rent payments can help build your credit rating.

Previously this wasn't the case. Now, credit reference agency Experian, through Credit Ladder, can record a tenant's rent payments.

But by ensuring your credit score is as high as possible you put yourself in a much stronger position when applying for finance. A high credit score could provide access to better and more favourable mortgages with a much higher chance of being accepted by lenders.

To discover more about Credit Ladder, and how you can obtain more benefit from simply paying your rent on time, visit our FAQ page or sign up now and begin building your credit score.

CreditLadder can help you improve your credit score

If you want to improve your credit position by reporting your rent payments, CreditLadder is the only way to improve your credit score and position across all four of the main Credit Reference Agencies in the UK, namely Experian, Equifax, TransUnion and Crediva. Building up a high credit score has a lot of benefits, including helping you access finance at better rates - this can also help save you money.

CreditLadder also runs a free mortgage application service in partnership with Tembo which will tell you how much you could borrow.

Remember the information provided in this article is for information purposes only and should not be considered as advice.