Halifax A Pass mortgage process.

GrumpyTeacher

Hello all,

My partner and I had our mortgage application approved yesterday (Halifax) subject to valuation. We passed at an A grade so need no further documents at this stage.

Does anyone know the process from here on in? I know there are different levels of underwriting etc, but I'm not sure exactly what that means!

If anyone knows I'd appreciate a heads up :-)

Emma

Goldiegirl

You haven't been formally approved as yet, as the offer is made after the valuation is done.

However, pass A is the very best credit score pass, so you are considered to be a very low risk proposition.

I left the Halifax getting on for 4 years ago, but at that time, a pass A score, with low LTV, only needed a valuation to go to offer, with no involvement from the underwriters, and no other documentation

I don't know if this is still what happens, but if any documents were needed, like payslips, you would have been asked for them by now.

Assuming the valuation comes back with no problems, I wouldn't be surprised if the formal offer is issued shortly afterwards.

GrumpyTeacher

Wow, thanks!

So providing the valuations ok (offer accepted under the asking price) it should be ok?

I thought underwriters had to check all of them... So that's a nice surprise!

Emma

Goldiegirl

It might have changed since I was there, but generally low risk applications didn't have to go to an underwriter.

I think that subject to valuation, there shouldn't be much of a problem with your application