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Which lenders do soft search DIP

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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    MJP43 wrote: »

    As the industry is very selective why should somebody be penalised for trying to buy a product but then get refused?

    Not as selective as this forum may suggest. As it's far from representative of the wider world.
  • amnblog
    amnblog Posts: 12,762 Forumite
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    MJP43 wrote: »
    How confident can you be just by looking at the credit files assuming you have verified income?

    Percentage game or generally pretty spot on?


    Looking at the file means we can see issues that will allow us to select lenders out.

    You cannot 100% select lenders in.

    Even the lender's staff cannot work out a credit score before application, only a lender's computer system calculates the score.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • kingstreet
    kingstreet Posts: 39,315 Forumite
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    MJP43 wrote: »
    But even kingstreet, who is clearly a very fine bloke and very good broker says he keeps his fingers crossed when submitting an application
    I've never had one decline at full app, but I've heard of plenty on here.

    The worst one we had was passed at full app and declined three days later after additional manual searches on a previous address revealed defaults in the applicant's name on two utilities in the name of the applicant's brother when she lodged with him briefly.

    It was cleared up soon after.
    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.
  • Wisdom123
    Wisdom123 Posts: 26 Forumite
    amnblog wrote: »
    Why do you ask Wisdom?

    Was just wanting to check who leaves footprints. Appreciate DIPs dont mean much.
This discussion has been closed.
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