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Coventry DIP
Zoe1910
Posts: 1 Newbie
Hi!
I've had a DIP approved from Coventry BS through a broker for a 95% mortgage. From what I've seen on here and the web they do a hard search to get to this point. I was told by a different broker that if my partner and I didn't have 'excellent' credit scores we wouldn't stand a chance. We both have 'good' credit scores, but my questions is (although I know I can't get a definitive answer) if my DIP was approved using a hard check, is this a good indication that my full mortgage application will be approved? (assuming nothing changes between now and completion).
Thanks!
I've had a DIP approved from Coventry BS through a broker for a 95% mortgage. From what I've seen on here and the web they do a hard search to get to this point. I was told by a different broker that if my partner and I didn't have 'excellent' credit scores we wouldn't stand a chance. We both have 'good' credit scores, but my questions is (although I know I can't get a definitive answer) if my DIP was approved using a hard check, is this a good indication that my full mortgage application will be approved? (assuming nothing changes between now and completion).
Thanks!
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Comments
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@zoe1910 A broker DIP (whether soft-check or hard-check) is indeed a positive indication.
Your Experian/Clearscore/CreditKarma credit-score being "good" or "excellent" doesn't really matter, it's what's in the credit history that lenders look at in different ways.I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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