Searching leaving a mark on file?

Missyagami87

Hello

I just wondered if anyone could advice as to where or not doing a mortgage search with moneysavingexpert leaves a mark on your file, which can impact getting a mortgage?

My broker told me it would, but I'm not 100%?

Thank you

[Deleted User]

Shouldn't do as they aren't a lender. They will most likely do a soft search (quotation search) to show what they think you can get but it won't impact your score in any way.
You will be able to see they did it but no one else will know

MortgageMamma

Why would you need to do a mortgage search on MSE if you are using a broker? A broker will have access to exclusive deals that are not available via the MSE search function - you could lose out

[Deleted User]

MSE pulls data from mortgage brain. The version of mortgage brain I use allows me to see exclusives held with all mortgage networks as well as direct deals only.
I assume the MSE one is pulling the same data

[Deleted User]

And remember, not all brokers are created equally.
Searching MSE has a lot more value in my mind than seeing a Sequence 'advisor' for instance and their 20 lenders

Missyagami87

MortgageMamma wrote: »

Why would you need to do a mortgage search on MSE if you are using a broker? A broker will have access to exclusive deals that are not available via the MSE search function - you could lose out

It is a free broker, so I'm sussing out my options, as the interest rates she was giving me were higher than MSE

ACG

You need to look at the whole deal not just the rates.
What are the fees? Arrangement fee, application fee, legal fees, valuation fees.
Is there any cashback?

Also, if you are buying do you want the cheapest lender who will have more requests and longer wait times or would you be happy paying a little more in exchange for quicker/easier underwriting.

csgohan4

ACG wrote: »

You need to look at the whole deal not just the rates.
What are the fees? Arrangement fee, application fee, legal fees, valuation fees.
Is there any cashback?

Also, if you are buying do you want the cheapest lender who will have more requests and longer wait times or would you be happy paying a little more in exchange for quicker/easier underwriting.

My Broker gave me that exact Blurb and I took the easier underwriter as being self employed it wouldn't be a simple case. Slightly higher interest but not by much

Happy with using my broker. Got mine on here too

ACG

csgohan4 wrote: »

My Broker gave me that exact Blurb and I took the easier underwriter as being self employed it wouldn't be a simple case.

Sounds like he knows his stuff