Mortgage from Halifax

polar182

I have a Decision in Principle from the Halifax.

This set up via my broker.

I am about to put a deposit down for a house and believe the mortgage needs to be completed within 28 days.

My question is that obviously I have been credit checked to get the Decision in Principle.

Do i still have to supply payslips and bank statements. If so who would need them my broker or the Halifax.

It is my broker that has to be supplied with my ID documents etc

opinions4u

If you're applying via a broker you supply him with anything / everything.

28 days to complete? That's certainly possible but a very big ask in these days of cautious underwriting.

Work with your broker to make sure everything is done in time for you.

MortgageChallenge2011

Yes, the bank will need to see proof what you are saying is correct on paper. I agree with opinions4u, 28 days might seem a long time but most banks have delays of 2 weeks just to look at applications before they instruct the survey because they are going through everything with a fine toothcomb. So use the time now to get everything ready, if you are missing a payslip get your work to reprint a copy, if you have internet statements order originals from the bank. If you dont have originals of everything you are stating are income then this is what will hold you up. Good luck and hope all goes well.

polar182

Thanks for the replies, It was just does the Broker receive the statements or the bank, given I have already been credit checked etc

polar182

Once you have Decision in Principle (DIP) from the Halifax, do you receive another credit check on full application as one will have alreay been completed for the DIP.

MortgageChallenge2011

Everything goes through your broker. The advantage of a broker is that they do all the running around for you, your send them the statements and they ensure they get to the right person at the bank. You should only have 1 credit check to check that you have no adverse credit so its now time to prove to them what you said is correct. Dont be surprised if they come back with the least little petty thing they want, its the banking market today. Hopefully your broker will ease you through it.

kazire

Yeah I've had the valuation from Halifax how they want a employer reference hope everything goes well for you I'm worried about it all falling thru!