Please help - Making offer with no DIP in time - Agents insisting need one first?

Din85

Midnight_Tboy wrote: »

Can you specify they do a softsearch dip then I take it?

Halifax dip is a soft search, shows up as a quotation on your credit report.

After a bit of googling I think I'm talking rubbish about nationwide, it appears they do a hard search for dip, but offer soft searches for credit cards and loans etc.

As above really, halifax dip or nothing for the EA broker.

dj.boz

Tboy, you can phone Nationwide and get a DiP over the phone. That's what I did, then completed the main application in branch a week or so later.

I received a DiP straight away, and had a PDF file from Nationwide that showed it (I didn't share the file with the EA, they where happy to take my word for it). It was a 20 minute or so phone call.

Midnight_Tboy

Doh....if only I realised that yesterday daytime. Oh well, appointment was first thing this morning.

Anyway, went through the motions with them, just thought soddit and see what deals they come up with with a full search. Avoided going in depth about putting any sort of PPI equivalent covers on.

However, their machine wasn't working, once saving the main details and it calling up a 2nd piece of software, the machine would crash (a seldom used room). It couldn't be fixed, so the person was taking deals back to other branch where they were normally based, and plan to call me back later today.

I did show them mind the nationwide printout of the website which was 3.09% and 499 fee for 5yr fixed, and they reckoned could probably find better than that for me, so good luck to them on that and great on offchance they do.

My concern on hindsight though.......I'm hoping every single time they tried to submit process this on their computers, it wasn't at the stage of recording a credit search!!!!! That would mean about a dozen on my record minutes from each other :shocked:

The issue itself was to do with some new version of software, and this PC was only reflecting an outdated database, and was failing the update process (according to the info passed on from their IT colleagues anyway)

Midnight_Tboy

Well.....had the callback. The cheapest they could find, WAS the same deal I found. They said they'll waive the broker fee as a result....so seems just aswell I pointed out what I'd currently found.

I wonder if theres any other hidden charges to using the EA broker vs had I gone direct to Nationwide. Guess I may aswell cancel my NW appointment for next week then

ACG

There are no hidden charges with brokers - there is not allowed to be. All fees will be disclosed in the IDD (which the broker should have given you), they will also be disclosed on the KFI.

2 places where fees are disclosed.

Midnight_Tboy

thanks once more

I never received anything documentation wise. Anyhows, she's processed the DIP, rang me back, and its been approved now so offer officially put forward...fingers crossed.

Before anything is final, should it be accepted further down the line, the main thing will be to then ensure there's something in writing saying that the broker fee is waived before I commit. The 500 notes may be peanuts to them but certainly isn't to me

Din85

Sounds like a good result !