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

Almostfree

Creditfixer3021 said:

Almostfree said:

I'm so impressed. Our valuation and survey was done today, and Halifax have sent our offer already!

Congratulations. Lots of people have heard positive news today. 

Did you apply directly out of interest?

No we went through a broker. She's been fantastic through this whole process, made it relatively stress-free.

Creditfixer3021

Almostfree said:

Creditfixer3021 said:

Almostfree said:

I'm so impressed. Our valuation and survey was done today, and Halifax have sent our offer already!

Congratulations. Lots of people have heard positive news today. 

Did you apply directly out of interest?

No we went through a broker. She's been fantastic through this whole process, made it relatively stress-free.

I wish mine was a bit more proactive.

i only knew about the valuation as the seller let me know 

Almostfree

RPF1992 said:

Anyone currently or recently put in a full app with Halifax? Trying to guage length of time for application - it's only been a couple of days and the wait is already killing me!

Full application sent: Wednesday 24th June

Confirmation of being at underwriters: Thursday 25th June

Money taken for property valuation: Thursday 25th June

Now waiting to hear what happens next. Anyone else at the same stage with Halifax?

Thanks in advance,
R

We have!
Application submitted Friday 19th June.
Hard searches x 2 same day, valuation fee paid.
Approved subject to valuation Monday 22nd June. 
Valuation today, 30th June.
Offer today!!!

Memie

I wonder if our Halifax is taking ages as husband self employed application 16/6

Creditfixer3021

Does anyone know how many credit searches Santander do throughout the application?

i had a soft search on my AIP and a hard search on my full application. Will they do more?

Dnrn84

Hi, submitted application with Barclays via broker so had hard search on aip. Aip went through so full application now in. Does the fact that the aip was a hard search mean we should get the mortgage offer?
Also does anyone have any idea of barclays timescale?

Thanks!

RPF1992

Dnrn84 said:

Hi, submitted application with Barclays via broker so had hard search on aip. Aip went through so full application now in. Does the fact that the aip was a hard search mean we should get the mortgage offer?
Also does anyone have any idea of barclays timescale?

Thanks!

AIP is a step in the right direction but never a guarantee that you will get approved. The AIP is very much a broad stroke and often automated search. The next step is the underwriters, who will go through the app in much more detail. 

Good luck and let us know how you get on! 

Marleysmum

RPF1992 said:

Marleysmum said:

RPF1992 said:

Anyone currently or recently put in a full app with Halifax? Trying to guage length of time for application - it's only been a couple of days and the wait is already killing me!

Full application sent: Wednesday 24th June

Confirmation of being at underwriters: Thursday 25th June

Money taken for property valuation: Thursday 25th June

Now waiting to hear what happens next. Anyone else at the same stage with Halifax?

Thanks in advance,
R

I have, and I can definitely relate to the waiting being a killer!

15 June 2020 - Halifax full application + valuation fee paid

18 June 2020 - Advised by MA that it was approved subject to valuation

26 June 2020 - Documentation sent to ESurv for a desktop valuation (It's a new-build)

MA advised that on Halifax's systems the valuation is scheduled for tomorrow, so I'm hoping I'll hear something by the end of the week!

Good luck with everything - let me know how you get on!

Hopefully ours follows a similar timeline. Did Halifax ask for any further documentation? Has it been a relitavely pain free (apart from the waiting) process for you?

R

Will do!
No further documentation asked for, although at the time of doing the full application I had already supplied 3 x bank statements & wage slips etc to my MA.  On my AIP from Halifax the only prerequisite in the next steps part was for 3 bank statements to be provided.
Yes, I guess so (apart from the waiting) - my MA has been completely relaxed about the application and has reassured me that this is completely normal!

thePhilster69

Almostfree said:

RPF1992 said:

Anyone currently or recently put in a full app with Halifax? Trying to guage length of time for application - it's only been a couple of days and the wait is already killing me!

Full application sent: Wednesday 24th June

Confirmation of being at underwriters: Thursday 25th June

Money taken for property valuation: Thursday 25th June

Now waiting to hear what happens next. Anyone else at the same stage with Halifax?

Thanks in advance,
R

We have!
Application submitted Friday 19th June.
Hard searches x 2 same day, valuation fee paid.
Approved subject to valuation Monday 22nd June. 
Valuation today, 30th June.
Offer today!!!

Out of interest, what sort of LTV are you on? We're putting down just over 15%, so are pretty much at the limit of what Halifax will accept. Wondering if that puts us further back in a queue as well...

Almostfree

thePhilster69 said:

Almostfree said:

RPF1992 said:

Anyone currently or recently put in a full app with Halifax? Trying to guage length of time for application - it's only been a couple of days and the wait is already killing me!

Full application sent: Wednesday 24th June

Confirmation of being at underwriters: Thursday 25th June

Money taken for property valuation: Thursday 25th June

Now waiting to hear what happens next. Anyone else at the same stage with Halifax?

Thanks in advance,
R

We have!
Application submitted Friday 19th June.
Hard searches x 2 same day, valuation fee paid.
Approved subject to valuation Monday 22nd June. 
Valuation today, 30th June.
Offer today!!!

Out of interest, what sort of LTV are you on? We're putting down just over 15%, so are pretty much at the limit of what Halifax will accept. Wondering if that puts us further back in a queue as well...

Same, we're 15% deposit too so I don't think that's affecting timescales. Our deposit is from savings, no gifts or anything so our bank statements prove the money is ready to go. I genuinely think it's been quick because our MA called Halifax on 22nd and verified our income and affordability over the phone with them. She really has been fantastic to work with. Are you using a broker? Maybe you could ask them to call.  They did say there was a backlog for booking in valuations and it depends on how busy your area is as to how soon it can be done. We just got lucky. I was very surprised to have the offer same day though, our MA told us up to 4 working days.