Halifax mortgage applications thread!

Arina

Is this on completion?

kingstreet

No. At each stage, as a document is added by Halifax or we carry out an amendment, when we come to leave the case, it re-decisions each time.

If something has changed in the applicant's credit history, such as a large credit card cash advance appearing, the case may go from pass to fail if the affordability is badly affected, or the credit score no longer gets over the lender's pass mark.

Then, once the case is offered, 1 in 12 cases are pulled for a routine audit.

Arina

kingstreet wrote: »

No. At each stage, as a document is added by Halifax or we carry out an amendment, when we come to leave the case, it re-decisions each time.

If something has changed in the applicant's credit history, such as a large credit card cash advance appearing, the case may go from pass to fail if the affordability is badly affected, or the credit score no longer gets over the lender's pass mark.

Then, once the case is offered, 1 in 12 cases are pulled for a routine audit.

Thank you for the in depth clarification Kingstreet

LaLaLandNI

kingstreet wrote: »

No. At each stage, as a document is added by Halifax or we carry out an amendment, when we come to leave the case, it re-decisions each time.

If something has changed in the applicant's credit history, such as a large credit card cash advance appearing, the case may go from pass to fail if the affordability is badly affected, or the credit score no longer gets over the lender's pass mark.

Then, once the case is offered, 1 in 12 cases are pulled for a routine audit.

I was considering moving my current account to Halifax. My own bank has been awful in dealing with my mortgage application and I'm generally fed-up with them. I now have a dip with Halifax and I'm just waiting for valuation/survey. Halifax are offering £100 to switch my current account to them and another £150 cashback if I have an account with them and proceed with the Halifax mortgage.

Based on the live credit scoring, if I apply for a Halifax current account now, will my chance of an offer be negatively affected?

kingstreet

I'm sorry, I have absolutely no idea.

I can tell you how the system works, not how a particular application might be affected by a particular act.

vzbfhr

vzbfhr wrote: »

Update from me!!!Mortgage offer by end of the week hopefully:beer:

Valuation agreed! Application with underwriter, should find out tomorrow!!!!!Wish me luck

Natlouise

No update with ours as of yet. Halifax requested payslips last Friday, sent them with our paperwork we had to sign. That should of arrived at the offices Monday/Tuesday.

In the meantime I'm getting calls about insurance left right and centre.

reversehalo

All documents supplied, credit checks done, one or two more questions answered and now our broker says '48 hours turnaround for signing things off'. That was yesterday afternoon.

What does that mean exactly? They have already taken our valuation fee (last week actually) but the valuation doesn't appear to have been booked yet. Will it be after the 'sign off' ?

laurieballard999

Still waiting for our offer

Valuation was 10 days ago.

They have since asked for 3 months payslips and then a copy of deposit later on. Every time the broker submits something, it seems to take them 2 days to look at it.

Surely this process could be done quicker?

reversehalo

Apparently we are still 'in a queue' to be looked at by the underwriters.

So much for fast turnaround...

Bit concerned that they're still doing so many checks pre-valuation. We don't have the simplest case ever, but I'm now worried about rejection!