We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage broker hard search
FTbuyer18
Posts: 66 Forumite
Hello
I did a few AIPs myself which haven't shown on my report as they were soft searches. I have gone with a broker just to avoid the paperwork really and for a smoother process and just got my updated credit file and it seems she has done a hard search with natwest and this has lowered my score. I havent found a property yet so havent applied for my mortgage.
Is this usual or will it be an issue?
Thanks
I did a few AIPs myself which haven't shown on my report as they were soft searches. I have gone with a broker just to avoid the paperwork really and for a smoother process and just got my updated credit file and it seems she has done a hard search with natwest and this has lowered my score. I havent found a property yet so havent applied for my mortgage.
Is this usual or will it be an issue?
Thanks
Start date 17.10.2024 (ish..)
Mortgage - £88,801.19
Natwest card - £6,065.99
Halifax card - £483.95
Halifax loan - £484.16
Mum - £950
Dad - £30,000
Mortgage - £88,801.19
Natwest card - £6,065.99
Halifax card - £483.95
Halifax loan - £484.16
Mum - £950
Dad - £30,000
0
Comments
-
I'm not a broker, but I thought that all brokers submit a case which results in a hard search?1
-
Oh right i see i didnt know this. Was just worried as my score lowered and she had warned me about using anything like a price comparison which would do a hard search and may affect a lender lending.Start date 17.10.2024 (ish..)
Mortgage - £88,801.19
Natwest card - £6,065.99
Halifax card - £483.95
Halifax loan - £484.16
Mum - £950
Dad - £30,0000 -
Your made up 'score' is irrelevant. The only person that sees it is you.
3 -
All full mortgage applications are hard searches but majority of mainstream lenders do soft searches on DIP for brokers.
Natwest is a funny one where they do soft search through their own branches, but a hard search through brokers. 1 or 2 hard searches wouldn't be an issue though so i wouldn't worry about it.
0 -
Thank you everyone.Start date 17.10.2024 (ish..)
Mortgage - £88,801.19
Natwest card - £6,065.99
Halifax card - £483.95
Halifax loan - £484.16
Mum - £950
Dad - £30,0000
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards