halifax AIP

f1slikki

hey there guys I have applied for a mortgage with the Halifax and have been issued with an AIP on a B pass can anyone enlighten me as to what this means???


many thanks

opinions4u

There are (or certainly were) 6 scores.

A to F.

A,B and C are passes. D to F are fails.

Underwriting requirements are (were) stricter on C passes than on A and B passes.

In other words, they like you.

f1slikki

thanks for getting back to me...

I just checked my experian credit report and there is no search showing up for the halifax so I am just wondering where the AIP decision has come from........any ideas??

many thanks

opinions4u

Not sure.

It's possible that they've just used the one credit reference agency for an AIP (to keep cost down - they used to issue 4 AIPs for every full mortgage they did) and would do a wider/deeper credit search on receipt of a full application.

But I'm guessing.

luckyfool

Halifax definitely use Experian for their agreement in principle, that should show on your report. It may be a glitch that it is not showing up yet.

Comyface

For an AIP, Halifax only do a 'soft' footprint (quotation search), the full score is only done on application.

However, I thought that you should still be able to see the search yourself (the idea being that other lenders can't see it so it shouldn't affect your score).

Maybe it is a glitch, as has been suggested.

lise61

the aip is only using a credit scoring system and doesnt show until a full application has been processed as the full credit search has not been carried out - usually because people will tend to shop around for the best deals and some will get a number of agreement in principle from different lenders. I am curious as to how you knew it was a 'b' pass as this is generally something that is not disclosed to the customer.

wildbreed100

I got an AIP from Halifax. I was told for the AIP a credit search was done but when I apply another search would be done. The Halifax person told me that if you pass the AIP you basically have a 99.9% chance that you will get the mortgage offer. When I applied for the mortgage (in July) it took 4 days to get the mortgage offer.

f1slikki

hi there thanks for the replies I guess i'll just have to wait and see what happens when the full application goes through..

when I called the broker they advised me that I had a B pass but that doesnt mean much to me....

thanks

danielanthony

I got an AIP from the Halifax but no searches were recorded on my Experian/Equifax or Call Credit files.

My AiP from Britannia did show up, so I dont know why the Halifax searches dont...