Halifax Mortgage 'decision in principle' credit check

welliesrgreat

The search was on my credit expert file which I think is experian? I'm sure everything will be fine, try not to worry. It was only for a quotation from Bank of Scotland.

I've yet to find a house so full application is on hold for a bit...

Keep us up to date ... And fingers crossed for you.

Shoppadolley

I will let you know what happens! Good luck xx

K1RST1E_2

I'm sure you'll be fine. We went through a DIP credit check on Friday and failed straight away. We already have a mortgage with them and want to move home with a 50% LTV. I have 2 unsatisfied defaults from 4 years ago which I was honest about from the get go. We're hoping to get the issue resolved but I'd say passing the initial credit search is definitely a good thing.

Good luck!

Experian_company_representative

Hopefully you'll be fine. Many lenders register a full application search for DIPs but where this doesn't happen and you then proceed with the application, they're likely to change the soft footprint into a hard one. A little more about footprints in this Q&A. God luck!

James

Shoppadolley

James,

Thanks so much for your reply. My OH has been trying to get experian to update his electoral register details for months with no avail. Both other agencies have done it but every time he calls experian they say someone will call him back and it's not happened. Can you help at all?

Thanks,
Dolley

chanz4

Halifax never changed my foot print into a hard search

welliesrgreat

Experian_company_representative wrote: »

Hopefully you'll be fine. Many lenders register a full application search for DIPs but where this doesn't happen and you then proceed with the application, they're likely to change the soft footprint into a hard one. A little more about footprints in this Q&A. God luck!

James

Thank James, this is reassuring and useful information

RossFTB

Hi all, Just wondering how you all go on with the full application after receiving DIP from Halifax?

My broker received a DIP for me and all they have requested is last months payslip. He seems VERY confident that the application will go through without any problems, however 3 1/2 years ago I missed a couple of payments on 2 loans. They were brought back to date the next month and settled soon after that, since then i have had a clean report and was approved for/ and accepted for a loan of £9,500 (for a car). I know on affordability there will be no issues with going Full Application, but after reading post about Halifax's DIP's I'm getting nervous!

Hope someone can help.

kingstreet

My big concern, particularly at high LTVs is poor credit at a previous address, three to six years ago.

The Halifax soft search does not pick up adverse unless it's recent and at current address. It makes the Mortgage Promise very unreliable.

In addition, the Halifax system at full app can only cope with three addresses and a fourth has to be checked manually, so you can have problems after full app if you have adverse at a previous, previous, previous address.

All you can do is apply and hope for the best.

RossFTB

The missed payments were at a previous address (only 2 addresses in last 15 years). So does this mean it won't have been picked up yet? Has anyone else had a similar situation and bee accepted/declined? Looking to see what chance I have.

If the application is declined when full application is submitted, is there chance of appeal? Is this not looked at as a small blip/snapshot in time. Since then everything has been A-OK. Maybe I'm overly paranoid, but this is one of the biggest parts of our lives.