How much does credit searching effect you getting a mortgage??

Hanrees

Me and my boyfriend are first time buyers and we are currently in the process of going through a mortgage application with the Principality building society.

Before dealing directly with the Principality, we dealt with an independant mortgage broker. To cut the long story short, we have been slightly messed around by a mortgage advisor at a bank and the mortgage broker we were using, which has resulted in us having 4 credit searches carried out and having 4 offers in principle.

When I spoke to the mortgage advisor from the Principality he advised me if we had more than 4 credit searches in the last 3 months then the application would be a straight decline due to the numerous searches.

This has got me really worried now as we have had 4 credit searches! Even though one of those was done by the Principality a few weeks ago, as we are going through a new application we have to be credit searched by them again.
I have checked both mine and my boyrfriends experian credit reports and they are both fine. I have a credit card which I pay off in full each month and my boyfriend has no credit cards. We have no debts and we have never had any loans to defaut on.


I would appreciate any help that people have to offer!

Many Thanks

TBeckett100

since Jan I have secured car finance, 2 credit searches for mortages (diff companies), two credit cards and sky contract renewal yet i flew through the mortage check before the offer. mortgage underwriting looks at fact I am sure, i.e. 10 searches for loans and credit cards may look worse than a few searches with the same lender for a mortgage. afterall, you are less likley to have several mortgages in your wallet arent you.