We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Advice - Halifax Mortgage
soph85
Posts: 1 Newbie
Hi, This is the first time I have posted on here, but I am looking for some advice.
I have applied to the Halifax for a FTB mortgage, and have a 20% deposit. I received a DIP from the Halifax - where they had done a Full credit search (I know they only usually do a soft footprint!). I passed the credit search fine - even though I had a default on file which was registered 14 months ago, for £201. I had already disclosed this to them in my application.
Despite all this, my application has now completely stalled and has been passed to the "business assesors". What does all this mean?! In the meantime, they had taken the money for the valuation and completed it!
How likely are Halifax to give me a mortgage offer? My credit record is completely clean other than this, paying off credit card in full every month etc.... Really worried as I have found and house and now spent the money on a valuation!
I have applied to the Halifax for a FTB mortgage, and have a 20% deposit. I received a DIP from the Halifax - where they had done a Full credit search (I know they only usually do a soft footprint!). I passed the credit search fine - even though I had a default on file which was registered 14 months ago, for £201. I had already disclosed this to them in my application.
Despite all this, my application has now completely stalled and has been passed to the "business assesors". What does all this mean?! In the meantime, they had taken the money for the valuation and completed it!
How likely are Halifax to give me a mortgage offer? My credit record is completely clean other than this, paying off credit card in full every month etc.... Really worried as I have found and house and now spent the money on a valuation!
0
Comments
-
This means it is being assessed by the underwriters, usually if it's a no they will have this decision prior to the valuation being completed but not always and if they say no now you can kiss goodbye to that. Best of luckThe J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards