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Hard print left after getting agreement in principle!!
crae1710
Posts: 21 Forumite
Hi guys my partner and I are first time buyers and have been doing everything through a mortgage broker. After getting our Agreement in Principle last Thursday I got my credit report update on Saturday advising my score had dropped. On investigation I discovered this was due to a hard search by Nat West. I was under the impression applications for an AIP only left soft prints so I'm a bit confused. Anyone else had this??
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Comments
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NatWest carry out a "hard" credit search for an AIP as do a number of other lenders.0
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I did wonder if this was the case but when I checked their website it said they carry out soft searches. Does that mean their checks for actual applications are more in depth?0
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I think i would prefer a hard search, less likely for problems later on, unlike halifax who's AIP isn't worth the paper it's printed on0
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NatWest carry out a "hard" credit search for an AIP as do a number of other lenders.
Thier website suggests different
http://personal.natwest.com/personal/mortgages/pre-apply-information.htmlNATWEST wrote:A soft credit check, with no mark left on your credit reportDwy galon, un dyhead,
Dwy dafod ond un iaith,
Dwy raff yn cydio’n ddolen,
Dau enaid ond un taith.0 -
Maybe your broker went through to full application? Either way one or two hard searches isn't going to cause problems. You have to trust your broker that he/she has chosen the right lender for you.
Remember without searches you don't get credit, and the score you see is a meaning less number as the lenders will score your file based on their criteria.0 -
Your broker has presumably been permission to run credit search. You wont a mortgage without one.
Don't waste your time worrying about what the credit reference agency is saying about 'score' - totally irrelevant.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.0 -
Natwest do a full footprint credit check for brokers or soft footprint for individuals on the website.
Some lenders do full footprints, others do soft foorpints at DIP stage.
Your credit score is a figure plucked from think air. Ignore it.I am a Mortgage AdviserYou 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.0 -
Thank you guys
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