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how many principles can you have??
dave1988
Posts: 65 Forumite
was wondering how many mortgage in principals can you have? am currently in process with natewest for a mortagage but they are doing my tree in and acting really slow...can i cancel this and go look somewhere else as i have found another one?
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Comments
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Beware that the AIP may leave a mark on your credit record, so taking lots of them out could affect your ability to get credit.
Otherwise, no technical limit I guess, but each time you get one it reduces your chance (either by a small amount or by a lot) of getting the next one approved.0 -
Every "hard search" leaves a footprint on your credit file which is visible to lenders who come later and perform a search.
I suggest you have only one, unless you have some particular problem.
Have you established the issues visible on each of your three credit files, as NatWest only uses Equifax?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
dont think theres any issue they are just being really hard to please?
they keep asking me where i have had all my money from i.e my deposit etc? even those have have given them all the info and my work details they carry on asking me?? what can i tell them?
ive robbed a bank?0 -
Normally an AIP will give an answer straight away, has it been done, or is this just your broker/branch sales person asking questions before they submit?I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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yes this is for the full application now as i say they have all the info needed but still questioning where the money as come from??
which is abit strange as its in front of them0 -
yes this is for the full application now as i say they have all the info needed but still questioning where the money as come from??
which is abit strange as its in front of them
all lenders will ask the same, its money laundering requirements. Is it a gift from parents, if so just tell themDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0 -
No it's what I've saved up through working which I've already told them0
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Yes I've provide them statements from both my accounts? Showing the money going in and out0
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