Santander providing soft footprint agreement in principle mortgages
Santander for Intermediaries has announced it will carry out soft footprint credit searches when brokers apply for a mortgage on behalf of their clients. It previously left a hard footprint on credit reports.
The bank says the searches will not affect the applicant's credit score or their ability to get a mortgage. It also suggests other banks and building societies are unable to see the search information on the applicant's credit file.
After the agreement in principle, data will be held on Santander's file and is valid for 90 days.
Aaron Strutt, product director at Trinity Financial, says: “Many borrowers will be shopping around to get the most competitively priced rate and like the idea of soft footprints.
“Halifax is the main lender offering soft footprint credit searches as it gives one of the best indications that you will qualify for a sufficient mortgage without leaving a hard footprint on your credit record.”
Santander will conduct a full credit enquiry (hard footprint) when the full mortgage application is submitted.
Call Trinity Financial on 020 7016 0790 to secure a soft footprint agreement in principle
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