Hi e_jase
Most Lenders will build their 'score card' differently, based on statistically analysis of their own customers for either mortgages, loans or credit cards. The kind of credit indicators that could be taken into consideration are things like time on electoral roll, type of occupation, residential status, conduct of credit, outstanding credit, whether credit card balances are up to the limit, if limits have been exceeded, whether there is a bank guarantee card, how long a customer has had a bank account and, as our visitor stated, search activity. So a missed payment and search activity certainly would not help.
There are so many factors that build up a score that it is impossible to give one reason - however, if your mortgage broker actually made full credit search approaches to 5 Lenders that would certainly have a bearing. My question would be why did that happen? An advisor would normally take full details of your financial circumstances, understand your current and future requirements and then recommended ONE mortgage product suitable for your needs. Only if the first Lender declined your application would an approach normall be made to an alternative Lender, with your express agreement for a further credit search.
I would approach your mortgage broker with this question.
Louise