Halifax Mortgage Agreement In Principle

But the good news is that this research is not visible to other financial institutions, such as banks. Lenders still do credit checks, but we always get permission from a customer before we do so. There are 2 different types of credit search that banks can do with a customer: difficult or gentle searches. A difficult credit search is a detailed overview of your credit information. Any financial institution that enforces any of these terms should obtain your permission to do so. The advantage of a “difficult” search is that the lender looks at your situation very closely. If you pass the creditworthiness, it is very likely that your application will ultimately be successful. The only thing that can really go wrong from there is if, for some reason, you are not able to provide satisfactory documentation to back up the information you disclose. Either this or it turns out that you have given false details. However, the bad news of a difficult search is that it leaves a “footprint” in your credit file. This means that anyone looking at your report in the future will be able to see that you have done a search…