First Direct sent out mortgage offer - but no credit search?

FIRSTTIMER

Is this normal for existing customers 8+ years - surprised none of my credit files have a search?

Shauna85

following with interest, they havent done a credit search (according to my files) on me either! weird!

FIRSTTIMER

We're both clearly at similar stages of property buying - yes fd haven't touched either credit file

Imvrasos

I had the same credit check absence on a credit card application with them. The application was a month ago so for me it can be an update question. When did you get your offers?

FIRSTTIMER

mine sent out thursday

starM

I have a Sole First Direct account for 20 years now.

If I make a joint mortgage application would likely to do a credit check on that?

FIRSTTIMER

no idea - ive been a customer for approx. 10 years and they didn't credit check my mortgage and I am due to complete end of month

glosoli

Funnily enough, I was speaking to a HSBC mortgage advisor today, who explained that they don't do credit checks on customers who have current accounts with them. This may appear to confirm it?

FIRSTTIMER

Ahhh right that's interesting - no wonder they are selective then!

Rich2808

Does this exemption from credit searches by HSBC/FD only apply if its your main account.

My main account is with HSBC (i.e. direct debits, pay etc) – but like many people I just have FD and M&S accounts for their 5% regular saver (and credit cards).

Saying that they are still amongst the strictest lenders – although their mortgage calculators imply they are one of the most generous in terms of income multiples.

FIRSTTIMER

Yes I think it does - I have never been credit searched by First Direct or HSBC in years even though I've increased overdrafts/had credit cards etc.