Halifax mortgage application

georginag123

Hi everyone,

After messing around with Santander/Abbey for a number of weeks we have been advised by our broker to move to Halifax. We are buying on the Help to Buy scheme.

Today I paid the valuation fee to my broker and she keyed in our application. I am wondering if anyone has any recent experiences of Halifax's mortgage process and how quick their turnaround is?

Do they send the valuer out quickly?

How long do you have to wait to receive your mortgage offer after a successful valuation report?

Any advice/information is greatly appreciated.

Thanks,
G

Pushkin

We are using Halifax, the valuation survey was conducted within a week of the submission of our application form. Survey results back within a week, key facts illustration a couple of weeks later & official mortgage offer week after that. All done within 4 to 5 weeks (starting early June). So far so good with regards Halifax as far as we are concerned.

georginag123

Thank you Pushkin, that's good to hear!

We have gone through a broker and she assured us that Halifax are far more efficient than Santander.

We are so sick of this process now and are so ready to move. Wish we had gone with Halifax from the very beginning.

Did you pay a valuation fee?

breakingbad

don't you normally receive the KFI before the full application?

chanz4

next day myn was done

georginag123

Good to hear!

Dave_Ham

Halifax will be quicker , although Santander product was probably cheaper.

Typically if they are initially happy, Halifax instruct valuation 1-3 days after application

Mortgage_Mark_2

breakingbad wrote: »

don't you normally receive the KFI before the full application?

No, you have to be provided one prior to application

georginag123

Thanks for the information guys :-)

Fingers crossed it won't take too long...

BeauLiLuLu

I switched from Santander to Halifax after 10 weeks of waiting and nothing happening.
My experience with Halifax has been stress-free compared to Santander.

Again, wish I'd just gone with Halifax in the first place!

I'll add that after the ten weeks of waiting, my valuation/homebuyers was completed within 4 days with Halifax (including a weekend!) of me applying with Halifax, and getting offer/homebuyers report in my hand was less than 2 weeks

Pushkin

GG we paid £680 for valuation fee, but get that refunded if (when!) we complete. Good luck.