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Credit ratings

(2 Posts)
spiralqueen Wed 09-Sep-09 16:51:34

The Which guide to moving house says if you get a Mortgage Agreement in Principle (MAP) the credit search is registered on your file and the more searches that are registered the lower your credit rating becomes.

It says that if you shop around to see what rates lenders will give you that is not registered as a search.

Am I reading it right that you can do comparisons on websites like but until you get a written MAP it won't affect your credit rating?

Sallypuss Tue 15-Sep-09 13:13:49

I work for one of the major credit rating agencies and you are correct.

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