Nationwide AIP - Soft search?

EatingGlitter

Hiya,

We went and got our AIP from Nationwide today who ran a credit check which came back all ok (though there was a note on there that said we were 02 risk... anybody know what means?)

I't's come up on my credit report as a search for first mortgage with the amount and the terms etc. I was wondering if this is the only credit search they will do or if they will do more when it goes to underwriting or anything like that.

I explained my situation (debts incurred whilst a student, struggled to repay them but have got myself back on an even keel in the last couple of years) and the mortgage advisor told me not to worry, everything would be fine etc. she has got mortgages for people in a much worse position and it did come back as accepted.

However I keep reading horror stories about people getting AIPs and then being rejected for no reason.

So again, my questions are
1) Was this just a soft search?
2) Approximately how many more credit searches will be done?
3) What does Risk Type 02 mean?

I guess until we get it all approved and everything I will continue to worry but forewarned is forearmed I guess.

Thanks

herbiesjp

In answer to your questions:

1) Nationwide leave a hard footprint on your credit file.
2) As many as the bank feel are necessary - some are done just before completion to make sure nothing has changed in your circumstances
3) Better ask Nationwide - they will know their technical jargon