Halifax – Mortgage Offer

swanny78

I'm three.... my application went in today though via a broker. My nails are worn down, don't even start me on my wifes. ;-)

Clubman

Hi Fluffpig. It's all come so quickly yet I gained this sense of doubt when after shelling out for valuation and instructing my solicitor to press on, I am suddenly casually informed by the Mortgage Broker that this is all subject to the mortgage offer being approved. Shame it cannot be Mortgage Offer Subject to Valuation rather than paying for a valuation and then being told you cant even get the mortgage lol.

Hopefully the casual feedback was just a relaxed Mortgage Broker, who has said that everything should be fine.

As Andy said, no one on hear can settle my nerves, but I guess I am after just a little feedback from the retired underwriters or brokers of this world that would at least provide a bit of info on the process of reviewing my original post. What they would do that was not already established at mortgage promise stage sort of thing.

Best of luck and fingers crossed it all goes through smoothly for you. How long have you been waiting?

fluffpig

Mine went to the underwriters last weds and I was told it would be the middle of this week at the latest to get a yes/no!! I keep expecting to be asked for further info as ive only supplied 2 payslips and my P60, but so far nothing!!

Ive paid for the valuation but have got the solicitors on hold until im sure of the outcome;)

Best of luck to all playing the waiting game

GDVS

As a rule of thumb if they've billed for the valuation you should be fine so long as your requested documentation matches the application form, they don't do that unless they're confident of it going through.

Clubman

Similar my end. Let us know how you get on (if you so wish), fingers crossed.

Goldiegirl

Clubman wrote: »

Ok, appreciate what your saying Andy. What do underwriters do out of interest, not looking for an insight to stress myself, just wondering what knowledge they have that the bank wouldn't have, or are they employees of the bank?

The underwriters work for the bank.

It's their job to assess all the information that has been provided about you and the property, to make sure you and the property meet their lending criteria.

They would not have instructed the valuer unless you had passed their credit scoring system, so that is a positive.

As long as all the confirmation documents you provide confirms the information originally stated on the application form, the bank statements don't reveal anything untoward, like you regularly exceed your overdraft limit, or payments to a loan you haven't declared, and no other advserve information is found...... Then all things being equal, there is no reason why they will not offer the mortgage.

So, all you can do is wait to let them do their work, and be prepared to answer any queries they may have

Clubman

Great stuff, thank you Goldiegirl. Will sit patiently and provide feedback in due course. Thanks all.

fluffpig

Clubman wrote: »

Similar my end. Let us know how you get on (if you so wish), fingers crossed.

Just to update that I phoned the branch today and they contacted head office who said that the mortgage has been offered and the formal letter has gone out in tonights post..:j:T

Hope you and the others who are waiting get the same news soon:D

carrot_cake

Congrats :j

I'm hoping to hear about ours by Friday .... Fingers crossed

Clubman

That's great news and what a relief. Best of luck for the remainder of the move.:j