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Finding
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Getting a mortgage through other mortgage websites
As you may have seen already, if you check mortgages on Search engines like Google or Yahoo you'll see there are 100's of websites.
Many
of these are run by mortgage brokers - small and large. Some,
like this one, are independent.
Many will offer you the chance to make an enquiry about a
mortgage.
But a major downside to making mortgage enquiries online has emerged as the internet has matured.
It's not a problem simply making a relatively quick enquiry to get a mortgage broker to contact you - as you can do on this site.
However if you fill in a longer enquiry form on many of the lenders' websites you are in effect going through the first stage of their application process. This means you are getting an "acceptance in principle" decision made by them.
The problem is that getting an "acceptance in principle" decision probably involves a credit search being made on you.
Every time you have a credit search done this is noted by the credit agencies, Experian and Equifax.
If you have more than 2 or 3 credit searches carried out on you in a short time scale this can start looking dodgy to the lenders.
They will ask themselves: Why are you making more applications? Does this mean you've been turned down? Ah ha. If you've been turned down by the competition then there must be something wrong with you...
... so goes the highly developed thinking.
While each lender has their own methods of credit scoring you, it appears that a common measurement used is if there's evidence that you've been making a lot of applications this can adversely affect the credit score they judge you by.
To answer a common question we get: please don't worry. Simply filling in our mortgage enquiry form does not involve an automatic credit score.
To read more on this subject please see the list below or your mortgage guide or your home buying guide
Read enough? Just want a quote? To get your best mortgage quote quickly and easily we can put you in contact with a recommended mortgage adviser. It's free, completely confidential and there's no obligation at all. Simply fill out the form below
Read On about How to Find your Mortgage
Going
direct
Going through a Mortgage Broker
Going
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Going through
an Estate Agent
Going through
other websites
Read On / Mortgage Guide
How
to Get a Mortgage in the UK
Types of Mortgages
Remortgages
How to Find A Mortgage
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Guide to Buying Home in the UK
Guide to UK Home and Mortgage Insurance
Read more about Finding Your Mortgage
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I've read enough for now and want to get a free Quick Mortgage Quote
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How to get a Mortgage
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Mortgage
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How
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Types of Mortgage
Where to Find Your Mortgage
Getting a Mortgage in Principle
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