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Product Transfer Process
jakesmummy05
Posts: 69 Forumite
Morning All
We had a telephone interview with our MA last Thursday regarding a product transfer with the Halifax. We requested pay slips/bank statements/utility bill. These have been posted today.
MA said 'he has spoke to the Halifax and all was ok upon receipt of the documents'. Once he has them he will do an illustration of the new mortgage and go through it with both of us.
Am I being completely stupid but does this mean we have got through MMR? How long can we expect this to take? and what's the illustration of the new mortgage? MA wants the documents, does he then send them to Halifax or does he check them? Sorry about all the questions.
Thanks
We had a telephone interview with our MA last Thursday regarding a product transfer with the Halifax. We requested pay slips/bank statements/utility bill. These have been posted today.
MA said 'he has spoke to the Halifax and all was ok upon receipt of the documents'. Once he has them he will do an illustration of the new mortgage and go through it with both of us.
Am I being completely stupid but does this mean we have got through MMR? How long can we expect this to take? and what's the illustration of the new mortgage? MA wants the documents, does he then send them to Halifax or does he check them? Sorry about all the questions.
Thanks
Make £2012 in 2012: £27.60/£2012
0
Comments
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Forgot to add we are not changing the terms/length/amount and it is a repayment mortgage. LTV is 69%.Make £2012 in 2012: £27.60/£20120
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Phone your mortgage broker and ask!If you dont know where you are going... Any road will take you there :rotfl:0
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jakesmummy05 wrote: »Forgot to add we are not changing the terms/length/amount and it is a repayment mortgage. LTV is 69%.
provided the term does not run into retirement and you have had no problems with payments it should go through OK.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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