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!
Halifax application
KarlD
Posts: 26 Forumite
I have applied for a mortgage through my lending advisor and they recommended halifax. It was for a new build property.
Halifax emailed my advisor back and were happy with my credit history and they formally accepted the application, and only required a payslip.
They emailed back saying that to further progress the application they needed the LTV to be lowered to 80%. It was initially passed through as 85% but they said it was policy to lower to 80% as it is a new build property. I agreed with my advisor to do this. After which they are valuating the house today.
This seems odd. I expected them to require 3 months pay slips, 6 months bank statements but there has been no mention of it other than just the latest payslip. I gave my bank statements and payslips to sales advisor though he said i may not need them and only need them if requested by them.
My credit history is next to perfect though i still expected more checks.
Anyone in the know about what i should expect from here?
By the way this is my first ever mortgage application, so forgive me for any naivety.
Halifax emailed my advisor back and were happy with my credit history and they formally accepted the application, and only required a payslip.
They emailed back saying that to further progress the application they needed the LTV to be lowered to 80%. It was initially passed through as 85% but they said it was policy to lower to 80% as it is a new build property. I agreed with my advisor to do this. After which they are valuating the house today.
This seems odd. I expected them to require 3 months pay slips, 6 months bank statements but there has been no mention of it other than just the latest payslip. I gave my bank statements and payslips to sales advisor though he said i may not need them and only need them if requested by them.
My credit history is next to perfect though i still expected more checks.
Anyone in the know about what i should expect from here?
By the way this is my first ever mortgage application, so forgive me for any naivety.
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
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards