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  • FIRST POST
    • mallen
    • By mallen 13th Dec 17, 10:10 AM
    • 46Posts
    • 1Thanks
    mallen
    Santander Hard Credit Search
    • #1
    • 13th Dec 17, 10:10 AM
    Santander Hard Credit Search 13th Dec 17 at 10:10 AM
    I have been been given a AIP from Santander and there is a soft search showing on my Experian credit file. Nothing on EQ or CC.

    When Santander perform a "hard search" do they use the other two as my CC file isn't great (pay day loan showing).

    Also does anyone know how long it takes from AIP to getting hard searched?

    Initially I went through a mortgage broker who was useless, I told him my suitation about using a couple of PDL's in the last year and he applied through nationwide. Nationwide did a hard search on EQ and CC and I was declined. What a waste of money that idiot was. I'm now in the situation where if I do not get this mortgage it looks like I will be waiting another year
Page 1
    • YHM
    • By YHM 13th Dec 17, 1:26 PM
    • 512 Posts
    • 191 Thanks
    YHM
    • #2
    • 13th Dec 17, 1:26 PM
    • #2
    • 13th Dec 17, 1:26 PM
    Santander only use one credit reference agency, so you should be fine. The hard search would be done at the point of full application.
    I am a Mortgage Broker.

    You should note that this site doesn't check my status as a Mortgage Broker, 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
    • mallen
    • By mallen 13th Dec 17, 1:49 PM
    • 46 Posts
    • 1 Thanks
    mallen
    • #3
    • 13th Dec 17, 1:49 PM
    • #3
    • 13th Dec 17, 1:49 PM
    The application is now with the underwriters, fingers crossed.
    Will update everyone with what the hard search comes back with.
    • mallen
    • By mallen 13th Dec 17, 5:23 PM
    • 46 Posts
    • 1 Thanks
    mallen
    • #4
    • 13th Dec 17, 5:23 PM
    • #4
    • 13th Dec 17, 5:23 PM
    Santander have arrange a free valuation of the property next week.
    What stage of the application process am I at with them?
    Are there likely to be more credit checks?
    • Shadow7uk
    • By Shadow7uk 8th May 18, 3:03 PM
    • 2 Posts
    • 0 Thanks
    Shadow7uk
    • #5
    • 8th May 18, 3:03 PM
    • #5
    • 8th May 18, 3:03 PM
    How did you get in in the end?
    • FTBNow
    • By FTBNow 8th May 18, 3:15 PM
    • 67 Posts
    • 23 Thanks
    FTBNow
    • #6
    • 8th May 18, 3:15 PM
    • #6
    • 8th May 18, 3:15 PM
    I'm currently at the stage of valuation done and with the underwriters for final assessment. They've queried a couple of things on mine and partner's statements (me: standing order for MA loan that the mortgage adviser said I didn't have to declare - found it odd as this was an outgoing!) and my partner's now-cancelled gym membership.

    From what I can tell, they hard credit checked me first (application submitted 25th and credit check shows on Experian for 26th) and although the valuation was instructed once application was submitted it didn't get booked until I'd passed this stage (I assume because Santander have to pay eSurv?). The final assessment is pretty much checking bank statements and also, I assume, the valuation. Our adviser was hopeful we'd have an offer tomorrow/Thursday but apparently it now may be delayed due to the Bank Holiday (which I expected).

    I was honest with my adviser when application was submitted: i.e. I have a history of payday loans (only over a two month period) and two late payments in twelve months (of £5 and £14). I assume as long as you announce adverse credit and don't leave it for the underwriter to discover you're fine.
    Last edited by FTBNow; 08-05-2018 at 3:20 PM.
    My goals:
    1 x iPhone finance to pay off by July. Current balance: £628.
    4 x NSD’s per week
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