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Such a big difference in AIPs?

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  • Avicov
    Avicov Posts: 36 Forumite
    Does anyone know if Halifax, Natwest and Santander do soft credit searches. So even if I apply it won't hamper my credit file?


    If I plan to pay off the credit card debt from the sale proceedings, do you think it's ok to not put anything in the credit card section for the AIP soft check?
  • Avicov
    Avicov Posts: 36 Forumite
    Mortgage_Mark wrote: »
    I got £463k, but then I don't know if you have children, or how the income breaks down.



    Thanks very much. Maybe a bit more detail could help:


    Salary 1: £66,800
    Slary 2: £36,850


    no dependents


    £380 a month PCP


    £20k credit debt to be cleared from sale of house.
  • audigex
    audigex Posts: 557 Forumite
    If doing it for your own information, leave the credit card section out if you intend to pay it off, to give you the most accurate representation of the real circumstances.

    If doing it as an actual AIP and application, include it and discuss with them directly to explain the situation. Leaving it off could raise red flags when it subsequently shows up.
    "You did not pull yourself up by your bootstraps. You were lucky enough to come of age at a time when housing was cheap, welfare was generous, and inflation was high enough to wipe out any debts you acquired. I’m pleased for you, but please stop being so unbearably smug about it."
  • Jason_Bourne_2
    Jason_Bourne_2 Posts: 182 Forumite
    Avicov wrote: »
    Does anyone know if Halifax, Natwest and Santander do soft credit searches. So even if I apply it won't hamper my credit file?


    If I plan to pay off the credit card debt from the sale proceedings, do you think it's ok to not put anything in the credit card section for the AIP soft check?
    Halifax did a soft search with my DIP.
    Save 12k in 2014 member 056
    £0.00/£7000
  • Tarragondragon
    Tarragondragon Posts: 94 Forumite
    Santander and Natwest both have searches recorded on my file from my DIPs
  • kingstreet
    kingstreet Posts: 39,256 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Halifax is a soft search.

    NatWest is a soft search on its own website, hard via MTE used by some brokers.

    Abbey/Santander is always hard.

    Tarragon - even a soft search is visible to the subject on their own credit file. It usually says something like "mortgage quotation." It just isn't visible to other lenders.

    A hard search usually says "First Mortgage" or similar.
    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.
  • Tarragondragon
    Tarragondragon Posts: 94 Forumite
    ah ha, thanks.

    Natwest doesn't say that. The Santander does say "First Mortgage" on it however, thanks for the info :)
  • Mortgage_Mark_2
    Mortgage_Mark_2 Posts: 857 Forumite
    Avicov wrote: »
    Thanks very much. Maybe a bit more detail could help:


    Salary 1: £66,800
    Slary 2: £36,850


    no dependents


    £380 a month PCP


    £20k credit debt to be cleared from sale of house.

    I got £466,425. Speak to a broker rather than going direct as they should know what Halifax will include/preclude.
    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.
  • Avicov
    Avicov Posts: 36 Forumite
    audigex wrote: »
    If doing it for your own information, leave the credit card section out if you intend to pay it off, to give you the most accurate representation of the real circumstances.

    If doing it as an actual AIP and application, include it and discuss with them directly to explain the situation. Leaving it off could raise red flags when it subsequently shows up.


    Problem with that is when I put the credit card debt it reduces the offer considerably. Hence it won't be accurate as I am going to pay the debt off before the new mortgage starts!
  • Avicov
    Avicov Posts: 36 Forumite
    Mortgage_Mark wrote: »
    I got £466,425. Speak to a broker rather than going direct as they should know what Halifax will include/preclude.


    That's very helpful. Appreciate it.
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