Halifax mortgage

xxmisslimberxx

Hi everyone,

Me & my partner went though a broker to get our mortgage, as I have a default on my file from a few years ago (mobile phone). She potentially can get us a good rate with Halifax fixed for 2 years. We got the agreement in principle and our offer accepted on our flat we have 20% deposit and earn more thane enough between us for te mortgage. Halifax AIP stated we could borrow up to £180k but we only require £130k.

My question is... We have submitted the application on full, and paid our broker her fee along with the survey fees to Halifax. What have they looked at up to this stage? I'm worried as I live in my old student overdraft (interest free) and worrying an underwriter will look at this along with my default and reject us at his point?

Thanks in advance for your advice!

Xx

_Andy_

"What have they looked at up to this stage? " - have you asked your broker?

xxmisslimberxx

_Andy_ wrote: »

"What have they looked at up to this stage? " - have you asked your broker?

She said they have done the full credit checks and all been approved. My question is more does every case from this point go to an underwriter & are many rejected after this point? and if we were rejected would we get out money back from the survey etc? And is it common for applications to be rejected after this point?!

hoponhiggo

My wife and I recently obtained a mortgage from Halifax with very similar circumstances. We got a decent rate, fixed for 2 years, with a 15% deposit. Also, we had a default on our credit files and lived in our overdraft.

Two weeks after the application was made we had a mortgage promise.

In between the submitting the application and receiving the promise, the only contact we had was from our broker to say that the survey had been carried out and seemed acceptable.

Try not to worry to much. Just don't do anything stupid that could effect your credit, such as applying for more

emran2486

Dont worry yourself to much, I got a mortgageback in November with a default. Seems to me that Halifax dont look into much details, but thats my point of view. It all depends on Halifax.

Abu-Dina

We are also in similar situation. My wife's credit conduct very good, mine is average.

We applied with a 15% deposit on the 20th April. Earlier this morning the mortgage broker forwarded me a copy of the mortgage offer so don't worry too much. I know it's easier said than done but if you have failed the credit score you would have known by now.

Good luck!

Abu-Dina

hoponhiggo wrote: »

My wife and I recently obtained a mortgage from Halifax with very similar circumstances. We got a decent rate, fixed for 2 years, with a 15% deposit. Also, we had a default on our credit files and lived in our overdraft.

Two weeks after the application was made we had a mortgage promise.

In between the submitting the application and receiving the promise, the only contact we had was from our broker to say that the survey had been carried out and seemed acceptable.

Try not to worry to much. Just don't do anything stupid that could effect your credit, such as applying for more

When you say mortgage promise do you mean the offer letter? I know I shouldn't worry but even with the offer I still feel like something can go wrong lol

hoponhiggo

Abu-Dina wrote: »

When you say mortgage promise do you mean the offer letter? I know I shouldn't worry but even with the offer I still feel like something can go wrong lol

Yes sorry, thats what i meant.

xxmisslimberxx

Thankyou all for your responses