EA dodgy tactics

Guest101

Surrey_EA wrote: »

I read it slightly differently, that the EA wanted to see a AIP/DIP document that had been obtained as a result of carrying out a hard credit check. Not that the EA themselves wanted to carry out the hard credit check.

Post 4 (from the OP) said:


It was the 'hard' credit check I really couldn't get my head around. EA specifically said hard check. Why would we waste 2 hours of our lives going through a mortgage application and leaving a footprint on our credit file if we hadn't had an offer accepted


hence my presumption

Surrey_EA

Guest101 wrote: »

Post 4 (from the OP) said:


It was the 'hard' credit check I really couldn't get my head around. EA specifically said hard check. Why would we waste 2 hours of our lives going through a mortgage application and leaving a footprint on our credit file if we hadn't had an offer accepted


hence my presumption

I'm not saying I'm correct, or that you are wrong!

Just two different ways of interpreting the information given.

AdrianC

Surrey_EA wrote: »

I read it slightly differently, that the EA wanted to see a AIP/DIP document that had been obtained as a result of carrying out a hard credit check. Not that the EA themselves wanted to carry out the hard credit check.

This is how I read it, too.

An AIP based on properly looking at your circumstances, rather than a "Well, if we don't find anything when we actually check, then...".

Gigervamp

AdrianC wrote: »

All we need now is for Crashy to turn up.

Give it time! :rotfl:

Guest101

Surrey_EA wrote: »

I'm not saying I'm correct, or that you are wrong!

Just two different ways of interpreting the information given.

I wasn't either like I said I was being presumptuous, just explaining why I think what I do

FBaby

I expect the vendor had a previous poor experience, when they accepted an offer lower than asking price, from a buyer claiming to have a mortgage in principle, which fell through when something came up that would have been picked up from a more in depth credit check. They just want to prevent this happening again.

MK__2

Surrey_EA wrote: »

Whilst that may possibly be the case, nowhere has the OP mentioned any in house financial services being offered.

That's right, there was never any suggestion from the EA about using their in-house services, hence why I wondered where it was all going.

I've since been in and had a discussion with the EA. I've provided sight of an AIP (soft credit check) and they seem happy with that now. On my solicitors advice, I haven't shown them my proof of funds directly, but I have provided my solicitors and broker's numbers so they can call if they want reassurance about proof of funds for the deposit.

The EA says what is happening here is that they've had a few offers now, and are trying to advise their client the best information about the situation and processability of the potential buyers so they can make an informed decision. That's fair enough, but it came across as heavy handed initially.

So, thanks for all the replies - I am happier that it wasnt all about playing us off other bidders, and perhaps newcomers reading this might expect to have to provide a load of information to get a viewing, or simply refer EA's to their lender.