If mortgage lender is doing valuation, can we assume we passed credit checks?

dippydog_2

Hi Emma, yes the survey was done today and I know credit checks have been run as they are showing on our experian reports.
Our mortgage broker seems o think that if valuation is fine , the mortgage offer whould be with our solicitor by Friday which seems rather quick to me, but we shall see! Of course, maybe they will yet reject us and we will lose survey fee etc...

dfh

When we applied for a mortgage,the credit checks were done before the valuation was carried out,

dippydog_2

Yes, our credit checks have been done, they are showing on experian but it seems from others responses, that we could still fall at another hurdle!

Isn't it mighty stressful?

dfh

I know.The whole house buying/selling thing is a nightmare from start to finish.

emmalita

Ive just rang halifax and survey has come back at 119000 what we have offered so we are one step closer now

dippydog_2

Great news!! Fingers crossed it all goes smoothly for you x

emmalita

broker has rang aswell and spoke to halifax who said it is all goin to underwriters now to be checked and signed off then offer will be done in 24 hours it seems to be going quite quick

dippydog_2

Brilliant.

Have to say I am slightly nervous as 8 years ago we applied for a mortgage with Halifax and all went smoothly until it went to the underwriter who said it was fine BUT they would only lend us 3/4 of the agreed sum!

Can't wait til this is over, I need some sleep!

emmalita

i know haha im living on my nerves,when the broker said it was going to the underwriters i felt my stomach turn.She said she will ring tomorrow if mortgage offer is issued and i cant relax till then.Im never buying a house again! If halifax let you down last time how come you are going with them again? did the broker recommend them?

dippydog_2

Yes they were recommended and we've had several mortgages in between - we move around a lot!