Halifax Decisions

Hartley10

I have applied for a mortgage with Halifax and they provided an agreement in principal prior to proceeding with the full application.

They have since been "faffing" around getting employment references from both myself and my wife's employers...despite providing them with the last 3 wage slips.

They have now instructed the valuation survey even though my wife's reference is still in their system waiting to be uploaded and matched to the file.

Assuming that the valuation stacks up is it fair to say that an offer will follow i.e will they have done all the credit checking etc they need to?

Also from experience what timescales should I expect to get offer after valuation?

Tiddler_2

My experiences with the Halifax have nearly always been very positive - they usually only ask for references if income is unclear in some form. So either bonuses/commission/overtime are needed to reach the required loan amount, or you have not been in jobs very long and so they need to clarify your probationary periods.

If all is ok from the income side then their system will offer the mortgage automatically once the valuation report information is input onto the system by the valuers. So usually the offer is received around 2/3 working days after the valuation has been done

Hartley10

They said that the "faxed" copy of our wageslips provided by the local branch was unclear so that will explain that part.

Thanks for the clarification of the offer

space_rider

I`ve just had Halifax valuation and its been valued at 30,00 less than I paid for it 18 months ago. It will be interesting to see if they will still offer me the same rate as I didn`t realise it would have lost that much. This house was bought for 185,000 3 years ago and I bought it for 145,00 Dec 06. It is now worth £115,000.