Nationwide Mortgage DIP +CRA Question

A question about : Nationwide Mortgage DIP +CRA Question

I am about to look to moving home and will be applying to Nationwide for a mortgage. I have done all the affordability checks usimng their online tools and would be within what I am looking for.

(Due to the nature of the property I am looking for, I would have to move speedily - smallholdings are like hens teeth!)

I am aware the DIP lasts no longer than 3 months. If I receive a DIP but unable to find the desired property within that timescale, does a renewed DIP request for a further 3 months have any detrimental effect on the application process with the same lender? (ie Nationwide).

Also, the mortgage brokerage company that is linked to Experian charges a fee for their services (no problem with that), however is there any great advantage to using these CRA linked brokerages as opposed to dealing directly with the likes of Nationwide? (ie is it easier to get a mortgage, or does it make no difference at the end of the day?).

So, in summary:

1) Does recurring DIP request cause problems?
2) Is it easier to get mortgage using Experian linked broker?

Thank-you.

Best answers:

• Anyone?....or am I in the wrong bit?
• From all my reading on here it would seem that a couple DIPs won't cause any real issues and especially not if it is with the same lender.
• Thanks for that Madbags.
  I posed the following question to Nationwide who provided an ambiguous answer, basically saying that incorrect information on a credit file would affect the outcome of an application (really, they did!).
  As I dont have the enthusiasm to resend the question in the hope that a better informed customer service person would provide an accurate answer, I will ask the question here.
  My query was that I have checked the affordability calculator and been shown an amount I can borrow, based on current credit card balances that have been reduced, but not yet showing on my credit file, which is shows an Experian 999 score (I know it means nothing!), but 9 positive + 0 negative points.
  If I request an AIP now, can it be declined on the basis that the credit balance on the credit report does not match what I have input into the AIP request at the initial stage?
  Or do they wait until a full application is processed before they take they ensure all the info I provided against the credit file is correct and up to date?
  I dont want to run the risk of having an AIP declined, knowing that 6 weeks down the line, when Experian has updated the files, that the true balances will be reflected (15% of available credit from 35%).
  I am looking to deposit Ј90K against a 250K property.
  Any comments appreciated.
• An AIP is not a mortgage offer.
  A full credit check will be performed when your application is submitted.
  NW's customers services team cannot answer speculative questions.
  If in doubt then wait.
• Get a DIP with Nationwide. You then need no other.
  A full credit search is done and this guarantees the DIP (subject to the full app docs matching the DIP data) for three months.
  If you submit a full application within three months, no further search is normally required.
  If you don't submit a full app within the three months, when you eventually do apply, the system will re-score the application by carrying out another full search.
  So once you have a DIP, you don't need to get another.
  Finally, brokers buy leads from Experian. They are not "aligned" in any way so view them as you would any other broker.
• I contacted NW today and successfully obtained my DIP.
  Thanks to all who posted.