Atom - falling at final hurdle?

madeye25

Hi all,

I think I perhaps need some reassurance.

I have applied with Atom for a 90% LTV mortgage that releases a bit of equity.

This is through a broker, Habito. I have the Atom app on my phone so can track progress.

Decision in Principle had been made
Application made reviewed and passed onto next stage
They sent someone out for Valuation, this report matches the house value I provided
Conveyoncer - I have completed paperwork and had an identity check
Offer made and accepted
Final stage is completion, the last two actions (my understanding, there could be more) are to get a final redemption statement from my current lender and some paperwork for a previous extension on the property.

My concern is no credit check has been made (that I can see, aside from the identity check), I have debt on credit cards and a loan, and other vanilla lenders have been unwilling to lend to me.

Could this fall at the final hurdle, perhaps I have missed their credit check on my credit report?

Seems crazy they would pay for valuation and solicitors without doing a credit check on me?

Anyone have experience of this with Atom?

davidmcn

I doubt any lender will bother getting this far without doing a credit check.

muhandis

As per their website, Atom use TransUnion (formerly CallCredit) for their credit checks. Have you checked on there?

You can view your Transunion report through creditkarma.co.uk (formerly Noddle)

madeye25 wrote: »

My concern is no credit check has been made (that I can see, aside from the identity check), I have debt on credit cards and a loan, and other vanilla lenders have been unwilling to lend to me.

Amst

Soft credit check is done at DIP stage with Atom, hard credit check is done at FMA (Full Mortgage Application).

You can rest assured this has been done at the point you are at.

madeye25

Thank you that is much appreciated

madeye25

For those interested, the re-mortgage was completed.


I switched to Atom (Digital Mortgages) despite my own reservations it might not happen.


Very efficient service, I know others have had issues but my experience was a good one with these guys.