Agreement in Principle

fatpiggy123

Hi!

I am looking into getting an AIP but have heard that some lenders will trample over your cedit history more than others. A friend said Abbey (assuming santander) dont trample as much as others and thus wont effect your cr history.... is this true?

Thanks,

ACG

An AIP is 1 credit search. All lenders (bar 2 i can think of) do whats known as a full credit search - which there is no problem with. The other 2 (Halifax and Aldermore) do what is called a soft footprint where they do not show on your credit report to other companies.

These soft footprint searches are not really worth the paper theyre printed on as they do not do a full check.

I have no idea where abbey/santander have come from. It makes no sense for lenders to trash your credit file as nobody would ever get a mortgage then.