Coventry for intermediaries offers soft footprint credit checks for AIPs

Published on

Coventry for intermediaries has launched soft footprint credit checks for Agreements In Principle, which it says will improve the process of buying a home.

The change will mean a soft footprint is made against a client’s credit record when obtaining an Agreement in Principle.

A hard footprint will only be left once the full application is submitted.

Jonathan Stinton, head of intermediary relationships at Coventry for intermediaries, said: “Changing the way we perform credit checks on clients’ mortgage applications is a positive change for homebuyers.

“We understand that hard credit checks can be a concern for anyone purchasing a home, and especially first time buyers. This is one of many exciting developments happening this year to really help brokers give their clients the best experience.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

FCA and PRA to ease SM&CR burden

The Financial Conduct Authority and Prudential Regulation Authority have launched a joint consultation on...

Consumers more willing to complete vulnerability assessments than firms expect

Consumers are far more willing to complete vulnerability assessments than many financial services firms...

Protection Guru expands adviser search access to bolster Consumer Duty compliance

Protection Guru has announced a major upgrade to its technical information and comparison tool...

FCA and FOS unveil reforms to streamline redress system and bolster confidence

The financial redress system in the UK is to undergo sweeping reforms in a...

Stress test reform ‘revitalising’ buy-to-let market

The buy-to-let mortgage sector is showing clear signs of resurgence following a reform to...

Latest opinions

Reeves’ reforms are a welcome boost but the housing market must modernise

Rachel Reeves’ announcement marks a clear shift in housing policy, with measures that could...

What is the Protection Claims Charter – and how does it work?

The moment of truth for any insurance product is at point of claim. Insurers have...

Affordability reforms, housing ambition and the uncomfortable PRS truth

Let’s be clear: the FCA’s recent Discussion Paper (DP25/2) isn’t necessarily about buy-to-let lending....

Broker proactivity can ease path back to prime

One of the lessons we’ve taken from the ever rising levels of interest in...

Other news

Gavin Opperman: Why teachers deserve a mortgage model of their own

As Chief Executive of Teachers Building Society, Gavin Opperman brings a distinctive global perspective...

FCA and PRA to ease SM&CR burden

The Financial Conduct Authority and Prudential Regulation Authority have launched a joint consultation on...

Consumers more willing to complete vulnerability assessments than firms expect

Consumers are far more willing to complete vulnerability assessments than many financial services firms...