Scottish Widows

abc871

Hello,

Does anyone have any experience of how flexible Scottish Widows are on mortgage lending criteria? I have a good credit record (2 credit cards cleared every month, no defaults, on electoral roll etc) *but* as a result of one lender inexplicably declining me after giving an AIP and a broker foolishly running an AIP without my consent for a product I have no interest in, I have 2 recent mortgage credit searches.

I am keen to avoid my credit record being damaged by multiple credit searches. With this in mind, I am conscious that my next application could be my last given the 2 checks already on my file in the last 2 weeks will be having a damaging effect. Scottish Widows seem to offer a good product for my situation but I would be keen to know if anyone knows of lenders who are a bit more flexible on credit checking?

Many thanks!

powerwin

Are you going to ask Scottish Widows for an Agreement in Principle without a credit check being done?

Once that comes back, you could ask them what their attitude is to multiple credit searches, i.e. how much they think it might affect your application?

Rgds

Senior_Paper_Monitor

Lenders are not 'flexible' on credit checking - they have certain procedures, which they will follow.

It appears, on the limited information available, that what you need is a lender that will go to manual consideration (referral) so the case can be argued properly.

2 credit searches are not the end of the world.

Certainly a broker running a subsequent AIP without your permission (if this is what happened) is unacceptable - however, sitting down with your broker and discussing why the problems have arisen and working out where to go next.

If you don't feel happy with the broker - find a new one that you feel comfortable with, this is not the time to start lunging around on your own !