Halifax Mortgage help!

Grooveechyk

Hi,

i am a self employed FT and had an offer accepted on a house on Friday.Friday mornng i had received a positive DP to borrow more than required on a 15%mortgage at the Halifax. The DP was completed by a broker. gave him copies of my D / accounts/ bank statements that morning so that if the offer was accepted he could submit the appication without me being there to speed the process up as the offer was on the basis that would be quick. Following the offer being accepted i found a soicitor and the broker made the application formally on Saturday. i havent been asked for any fees yet apart from the brokers fees. The valuation was instructedMonday beieve but have been tod to tel the EA to hold off the vauation unti the paperwork is agreed - this is worrying me. How often does it normaly take for the mortgage company to make you an offer so that you can proceed with surveys / searches etc. dont want to waste money but dont want to lose this house by being slow as i love it. Someone please reassure me - i want to enjoy my easter break rather than spending it stressing!
Thanks

Let_Us_See

Firstly, I recommend you tell the adviser were he can stick his broker fees until you have your queries answered to your satisfaction.

Lot of confused information here and you need to go back to your broker and clarify your position. Certainly, you are confused regarding the DIP, application and offer process, as almost certainly the application is only at the application stage.

Far better at this stage you tackle your adviser and if still not satisfied come back to this forum.

Grooveechyk

Yeah sorry i appreciate it was a lot of information and my L key on my laptop is a bit dodgy so sorry for the poor spelling. i have already paid the mortgage broker fees and have been told all is going well. As i understand it a formal application has been made and it is just taking time? i think i have been a bit of a pain to the broker as i sent a lot of information friday and have chased a little since then. i shoud probably check the position just to cafiry that a formal application has been made and when i willl need to pay valuation fees etc?

thanks for your help - its just daunting getting everything sorted and i naively thought it would be easier once an offer had been accepted but it is much more nerve wracking!

Let_Us_See

It probably will be easy - you just have to accept it takes a little time and patience.

PS. Your application has been accepted (hopefully), but not your offer. The lender will provide a (mortgage) offer at the end of the mortgage application process.

shonzyd

you would normally pay the valuation fees before the valuation takes place and if you have already paid the broker, potentially you could lose money if it all falls through.

Not suggesting that it will, but you need to be prepared to spend money with no guarantee of getting it back if it doesnt go to plan. And if there is a product fee for the mortgage product you have paid - thats another expense.

If you are thinking that you dont want to spend any money without a guaranteed mortgage offer and a guarantee that the house sale wont fall thorugh - unlikely!