| When assessing your mortgage application it
is highly likely that a lender will obtain a credit search.
Before a lender does this they must obtain the customers authority.By
undertaking a credit search a note will be on the individual credit
file that a search was carried out, and this information will be
available to subsequent companies who may search a credit file.
It is important therefore to limit the numbers of searches that
are made, as this generally is an issue taken into account when
reviewing a mortgage application.
In addition once the mortgage is taken out lenders may provide
information to Credit Reference Agencies on the
way mortgage accounts are conducted.
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