Halifax grades

misscharlie

Hello, and thanks for any advice in advance!

We've got an agreement in principle from the halifax and have been scored a B. what kind of info is usually requested for grade B?

space_rider

I got a mortgage in principle from Halifax yesterday. Where does it say B on the letter.

misscharlie

Its doesn't. The mortgage advisor told me today when I rang up.

I dont know how this affects things though? I was hoping that someone knew, as I was worried about putting in the full application in case we were declined.

lizzie_dripping

B is a good score. What they ask for may depend on whether you are borrowing >75%. (or used to many moons ago).

depurnell

If you are borrowing less than 75% then income proof is not required.

If you are borrowing more than 75% then income proof is required.

misscharlie

I dont suppose if you know what kind? Will it be just pay slips or will it be bank statements aswell?

Tiddler_2

It depends if you are having to use overtime or not.

If not then just your last monthly payslip (or 2 weeks if paid weekly)

misscharlie

The mortgage amount required is less than multiples without a bonus. It only equates to 3.5k a year. Or as I still earn a bonus will I have to send more?

Tiddler_2

If your income without a bonus is enough to cover the mortgage required you'll only need to send 1 monthly payslip

misscharlie

does been paid weekly go against you? Also from experience, if someone has been graded a B are they coming back requesting additional infomation further down the line?

luckyfool

Misscharlie - a B pass is fine. A+B passes form the majority and these normally sail through. It's the C pass where things are marginal and you get Halifax going through the case with a fine tooth comb.