Anyone want to join me? Awaiting Mortgage decision...

Carl2510

DanielACB said:

DanielACB said:

DanielACB said:

First Time Buyer - HTB Equity Loan - New Build - Halifax via Broker

MIP - 05/09

Property reservation - 06/09

Full Application submitted - 10/09

Awaiting next update....

Anyone got an idea on the timescales with Halifax from now on? No credit issues, within affordability, 75% LTV (5% deposit, 20% equity loan).

Thanks,

Dan

I understand the valuation has now been instructed. One step further.

Anybody know how long the valuation takes to complete for Halifax and where this sits in the process? What can I expect next and when please? 

Thanks,

Dan

I put my application in on 17/08 got my Valuation booked on 10/09 valuation came back fine think I’m just waiting on the offer now which has been 4 working days since so hoping to hear soon. MA hasn’t asked me for any other supporting documents.

jshev

Hi guys, me and my partner have our offer and waiting to exchanged. We are so excited... we wondered if Halifax would do any further checks between exchange/completion? Has anyone had any experience of them asking for any further documentation during this time or further credit checks? We are so excited and just wish December would hurry up! 

KAP0365

jshev said:

Hi guys, me and my partner have our offer and waiting to exchanged. We are so excited... we wondered if Halifax would do any further checks between exchange/completion? Has anyone had any experience of them asking for any further documentation during this time or further credit checks? We are so excited and just wish December would hurry up! 

It’s common for lenders to do another hard check before completion, especially if there is more than 30 days between offer and completion. Our first mortgage we had two more checks, our current one with NatWest they didn’t but we completed 2 weeks after offer. As you’ve got a few months till completion it’s very possible they will check you haven’t taken on extra/new credit, lenders often withdraw mortgage offers for this reason.

jshev

KAP0365 said:

jshev said:

Hi guys, me and my partner have our offer and waiting to exchanged. We are so excited... we wondered if Halifax would do any further checks between exchange/completion? Has anyone had any experience of them asking for any further documentation during this time or further credit checks? We are so excited and just wish December would hurry up! 

It’s common for lenders to do another hard check before completion, especially if there is more than 30 days between offer and completion. Our first mortgage we had two more checks, our current one with NatWest they didn’t but we completed 2 weeks after offer. As you’ve got a few months till completion it’s very possible they will check you haven’t taken on extra/new credit, lenders often withdraw mortgage offers for this reason.

Thank you very much for your reply! appreciate it

winogronek

20th of July - application submitted 
6th of August - valuation
17th of August - valuation assessed and approved

It's a waiting game since then. We were asked for few documents like return to work letter and original copies of bank statements. It took them about a week to assess those documents with the exception of my bank statement which was rejected ( they refused it because it was printed using self service machine in the branch) so I submitted a new one exactly 2 weeks ago and we are still waiting for those few pieces of paper to be assessed. I understand mortgage lenders are busy but 2 weeks to check like 3 pieces of paper?? Working day 44 and we are still waiting for the Bank to assess my bank statement. Scared to think how much longer it's going to take. Good luck everyone 🤞🤞🤞

shakAFC

DanielACB said:

First Time Buyer - HTB Equity Loan - New Build - Halifax via Broker

MIP - 05/09

Property reservation - 06/09

Full Application submitted - 10/09

Awaiting next update....

Anyone got an idea on the timescales with Halifax from now on? No credit issues, within affordability, 75% LTV (5% deposit, 20% equity loan).

Thanks,

Dan

Hi, I’d say around 2 weeks max. 

Carl2510

Update

DIP submitted 17/08

New build reserved 22/08
Full Mortgage Application submitted 26/08
Valuation booked for 10/09
valuation carried out 10/09
Valuation came back fine.
Mortgage offer 17/09

over the moon to get my mortgage offer, especially when I was borrowing so close to my maximum amount.

Just need for my house to be built now!

cant wait.

xMeganCL

Working day 27 with nationwide. Still nothing 🙄

mh_ww

xMeganCL said:

Working day 27 with nationwide. Still nothing 🙄

Day 24. Positively early days it seems 

periwinkleperkins

periwinkleperkins said:

10-Aug Broker got DIP from Precise.

14-Aug Developer released new plots.

18-Aug Paid reservation fee. 

19-Aug Appointed conveyancer and applied to HTB. 

26-Aug Received ATP from HTB. Broker spoke to Precise BDM before submitting full application and advised wouldn’t meet criteria as had a 6 week break in employment in last 12 months. Broker requested new DIP through TFC / Vida Homeloans.  

28-Aug Received DIP from Vida Homeloans, full application submitted through TFC, app fee paid. 

1-Sep Broker advised "verbally accepted" and all documents OK
7-Sep Application "accepted" by underwriters subject to valuation / valuation instructed
10-Sep Valuation booked for 15-Sep

15-Sep Valuation completed ✅ 
17-Sep Vida confirm receipt of valuation and next update due by close of business 18-Sep. 

So we’re on working day 15 from full application and hoping today is the day we get our mortgage offer 🤞