Doing 2 DIPS in a short space of time

[Deleted User]

moxxey said:

My NatWest DIP wasn't a hard check.

Again,  the process is different with brokers and direct applicants. Natwest direct is a soft search, natwest intermediary is a hard search

debtfreeian

K_S said:

debtfreeian said:

K_S said:

moxxey said:

James2626 said:

Hello, 
My mortgage broker has said because I applied for 2 DIPS from 2 different places within a day of each other that I must now wait 3 months before doing so again because it looks bad to lenders? 

Would anyone be able to confirm if that is true? 

Many thanks

I did about 4 DIPs in a short period (2 months) and it's not affected my credit scoring. DIPs only perform a soft check, so have fairly little impact.

@moxxey Just want to point out here that not all DIPs are soft-checks. Some prominent ones that are hard-checks (at least when done at the broker's end) are Virgin, NatWest, Platform, TMW, Coventry, etc. 

Virgin direct is a soft check.
https://uk.virginmoney.com/mortgages/mortgage-hd/step1/
Halifax is, I'm pretty sure NatWest is.

@debtfreeian I did say "when done at the broker's end". It can be different direct though they're not always comparable.

For example the Barclays retail website offers a “soft search” AIP but is in effect watered down because only some credit data is verified. I've had customers get a pass on their own and fail a DIP when done at my end (which is a hard-check for Barclays) and when I talked to the BDM that's the reason they gave.

Absolutely @K_S I did say Virgin direct (ie on their website not via a broker). If that didn't come across clear enough I apologise. I assume the OP is hitting these DIPs up direct.