Platform mortgage AIP soft or hard search

jonnym8083

Hi all, currently scouring the market due to our credit file. Anyone know if platform mortgages do a soft or hard search at AIP?
Thanks in advance

LRmortgage

Why not use a broker to carefully place your case rather than firing off multiple DIP’s?

jonnym8083

I have spoken with 2 brokers who have given me conflicted advise and both charge £2k for there services. If I could be recommended a good broker but as it’s very costly and I’m trying to establish and get my head around things myself

jonnym8083

I understand they get paid when a mortgage offer is made but with both I feel like they are not trying to get us the best rate based on our criteria and are looking at lenders 5-6% just so they can get the money. We have no ccj no defaults no debt just late payments

[Deleted User]

Platform are a fairly clean lender so will reject if you've got recent late payments.

2k for a broker fee is insane. I wouldn't pay that either to be fair.

Who have you approached so far for a Dip?
How long ago are the late payments?
What were they on? Cc? /loans? /mortgage?

nik_k

jonnym8083 wrote: »

I understand they get paid when a mortgage offer is made but with both I feel like they are not trying to get us the best rate based on our criteria and are looking at lenders 5-6% just so they can get the money. We have no ccj no defaults no debt just late payments

I'll send you a PM with the details of the mortgage broker we used recently!

jonnym8083

Hi all. It was an outstanding payday loan. Couldn’t pay them all at once and entered into arrangement plans. Any how since then I have done a irresponsibility lending and got all over turned. Since the last few years my job salary has increased massively. To be honest I could of paid them in full a lot earlier but as they had been quite harsh I just thought sod you... you can have the minimum every month. Little did I know it’s backfired as credit file was being marked poor every month for like 2 years... my own fault and shot myself in the foot big time... anyways last late payment was Oct 18. Other than that no issues no debt. Just a case of 24 consecutive late payments marked on my credit file. If I hadn’t of paid anything it would of defaulted and I would be in a better position now potentially with a 4 year old settle default.

jonnym8083

We haven’t done any dip yet but I was just thinking if it doesn’t go against us it was worth trying before going down the route of 4-6%.

amnblog

So, the ‘just late payments’ is entered into a arrangement to pay with a payday lender(s).

5% to 6% sounds like the range you are in, not a broker pushing you there to earn extra.

Forget Platform and clear these PDLs as a start point.

jonnym8083

Payday loan has been clear for over 12 months. They don’t show as AP or AR they show on credit file as 3’s.
We have seen precise do 3.64% and criteria regarding late payments is not counted in last 12 months.
We now have an 84k income between us. Looking at HTB therefore 75% loan. No debts