Mortgage offer not on credit file

zacepi

I have a mortgage offer from First Direct which was arranged in January. Not yet bought a house.

I just did a search on the following agencies:

Clearscore/Equifax
MSE/Experian
Noddle/callcredit

None of them show anything about a search from the mortgage company. Why would that be?

[Deleted User]

If you've not yet bought a house, then it wouldn't have been a mortgage offer, but an AIP.

That may not have involved a hard search, as they don't mean much.

zacepi

Hi, ZX81.

I had an AIP prior to this.
This is 100% a mortgage offer. The document was sent via secure password protected PDF and includes:

Your Mortgage Offer
Date of issue:
DATE
This mortgage will be secured by a first legal charge over the property below:
ADDRESS OF HOUSE I AM BUYING
and also mentions Offer Validity - so it's definitely an offer. Or perhaps definately (one for the Line of Duty viewers)

PrettyKittyKat

Is there a search under a different name maybe from what you are expecting?

I wouldn't worry too much though, you've got the offer so all is good.

Ben8282

The offer would not be shown on your credit files. Why should it be? There is no mortgage account open and no balance outstanding.
As for the lack of a search, what are you complaining about? Why do you want the search to show?

[Deleted User]

Because it’s not a mortgage yet

Also when did your credit files last update?

zacepi

Ben8282 wrote: »

The offer would not be shown on your credit files. Why should it be? There is no mortgage account open and no balance outstanding.
As for the lack of a search, what are you complaining about? Why do you want the search to show?

OK I'm not complaining, just confused.
My query is about there being no search on my search history.

There are lots of searches bang up to date for things like insurance. Surely a mortgage company would do a hard search before approving a mortgage offer?

Perhaps someone else in the same boat (ie. full offer but not yet completed) can check their credit file too just to see?

Exodi

Ben8282 wrote: »

The offer would not be shown on your credit files. Why should it be? There is no mortgage account open and no balance outstanding.
As for the lack of a search, what are you complaining about? Why do you want the search to show?

!!! wrote: »

Because it’s not a mortgage yet

Also when did your credit files last update?

I'm truly puzzled by both of your responses - the OP has stated a perfectly valid concern?

Ben8282 - it's patronising to suggest the OP is querying why he doesn't have a mortgage account/balance present on his credit file when he's explicitly asked why there is no search. Why would the OP not be worried that a bank that has agreed to lend him hundreds of thousands of pounds seemingly without checking his financial circumstances?

!!! - Unless you mean to suggest that a mortgage lender would issue a legally binding mortgage offer (not an AIP) on an individual without performing a credit check I'm really not sure what you mean by suggesting it's because 'it's not a mortgage yet'? Your comment about credit files not being updated is unlikely to be the case, the OP states the offer was provided in January.

@OP As PrettyKittyKat said, I would see whether the check has been done under a different name around the date you got your mortgage offer.

Candyapple

zacepi wrote: »

I have a mortgage offer from First Direct which was arranged in January. Not yet bought a house.

zacepi wrote: »

Your Mortgage Offer
Date of issue:
DATE
This mortgage will be secured by a first legal charge over the property below:
ADDRESS OF HOUSE I AM BUYING
and also mentions Offer Validity

So have you actually bought somewhere or not?

zacepi

Candyapple wrote: »

So have you actually bought somewhere or not?

I need a sense check, as I thought what I have typed so far is very clear. But apparently not.

So the house buying process in England:
Look for houses
Get Mortgage AIP
Find house
Offer on house
Offer acceptance
Engage solicitor who does searches and enquiries
Get Survey
Talk to Mortgage company and get full Mortgage Offer
Possible further negotiation around Survey and enquiries
==
Arrange Exchange and Completion dates
Exchange
++
Complete

I am at the point marked by ==

In my mind I haven't bought anywhere yet. I would say I have bought at the point marked ++, but your opinion may vary.

But I do have a mortgage offer.

What are people finding difficult to comprehend? - please help me clarify my query more clearly as certain replies are patronising and I have no idea what I said that isn't clear.

A4445

It can’t be an offer yet as you don’t have a property. The mortgage company needs to value the property first. You won’t know your LTV so you can’t have a product in place. The lender could find issues with a property and won’t offer you a mortgage.

I didn’t even have an AIP it went straight to application. This was approved AFTER the house was valued.