Santnder DIP Soft Search / Hard Search

Hi All..

Just keen to understand if anyone has a view about how accurate the Santander DIP is? I put in an application and the DIP was successful.

I have 3 defaults 4 years old (just over) but they are registered at a previous address which I've not lived at for 4 years, so the address was not provided during the DIP as they only need three years. I've been in rented for the last three years at different addresses...

The address is showing on Experian as a linked address..

Is it possible that the soft search may not have picked these up but the hard search will?

thanks..

Comments

  • amnblog
    amnblog Posts: 12,699 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Yes, that is possible, Santander can and do refer to both Equifax and or Experian.

    If you have defaults you should be using a Broker to avoid complicating your situation.
    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.
  • Trickey270
    Trickey270 Posts: 13 Forumite
    Thanks for the reply..
    I did another DIP and added the address where defaults are registered as the overlap in addresses is small, and it's been successful again..
    I'm weighing up the risk of going ahead with this before going to a specialist..
  • Trickey270
    Trickey270 Posts: 13 Forumite
    I'm looking for 75% LTV so it might be helping with a higher score / pass?
  • Trickey270
    Trickey270 Posts: 13 Forumite
    Santander don't seem to have anything about defaults within their lending criteria
  • FTBNow
    FTBNow Posts: 146 Forumite
    Go to a broker. Mine said getting through the DIP with Santander was 90% of the battle, but they do perform a soft search so I!!!8217;m not sure how true that is. I imagine your high LTV will help.
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