When you’re searching for a mortgage, it’s natural to want to explore a few options. However, applying with several lenders at once can do more harm than good. Each time a lender runs a hard credit check, it leaves a mark on your file, and too many checks in a short period can lower your score.
How Mortgage Applications Affect Your Credit Score
There are two main types of credit searches — soft and hard.
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Soft searches show that you’ve made an enquiry but don’t affect your score. These are often used for mortgage agreements in principle.
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Hard searches, however, are recorded on your credit file and visible to other lenders. If several hard searches appear close together, it can make it look like you’re struggling to be approved for credit.
This can raise a red flag to some lenders, especially if you already have a limited or poor credit history.
Why Multiple Applications Can Be Risky
Each hard search remains on your file for around a year. Applying to several lenders in quick succession can give the impression you’re taking on too much credit, even if that isn’t the case. As a result, some lenders may be less willing to approve you or may offer less favourable terms.
How a Mortgage Adviser Can Help
Working with a mortgage adviser can make a big difference. Rather than applying to multiple lenders and risking your credit score, an adviser can:
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Match you with suitable lenders based on your circumstances before applying.
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Check eligibility using soft searches wherever possible.
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Avoid unnecessary applications, focusing only on lenders who are most likely to approve you.
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Provide access to specialist lenders who may not be available directly to the public.
This approach saves time, protects your credit score, and increases your chances of being approved first time.
Getting It Right the First Time
A mortgage adviser looks beyond your credit score. They consider your income, outgoings, and deposit size to recommend lenders that fit your situation. By applying strategically rather than widely, you’re more likely to secure the right deal without damaging your credit rating.
At Worths Mortgage Advisers, we guide clients through every stage of the process, helping you understand how applications work and how to protect your score. Whether you’re a first-time buyer, remortgaging, or moving home, we’ll make sure your application goes to the right lender from the start.
Call Worths Mortgage Advisers today on 07880 722052 or email richard@worthsmortgages.co.uk to arrange your free initial consultation.
