Mortgage application Halifax

MNM2903

Okay so our broker confirmed the mortgage offer had been submitted to halifax. The goalposts changed slightly as the discussion we had with him was based on 5% deposit and he came back before submitting it advising that it could only be accepted at 8% meaning we needed an extra £3,331 but after speaking to bellway they and the broker have said we can exchange at 5% and pay the remainder on completion in March.

Is this normal?

My other question is weve recieved a message from RSC advising that "your income has now been verefied and the only outstanding requirement by halifax is the valuation to be booked in"

Does this mean everythings accepted if the valuation comes back okay? or do they still need to do other checks etc?

MNM2903

Anyone shed any light on the above?

GoldenShadow

I think different lenders work differently. Ours has gone with Natwest and apparently they do all the checks before valuation (apparently the AIP is a proper credit check not a soft one), so if the valuation gets booked in everything is looking good. Not sure how others do it though. You could try searching past threads to see if the info can be found there? Nat west's website is quite good for FAQs too, maybe Halifax's website will explain the process a little more.

MNM2903

GoldenShadow wrote: »

I think different lenders work differently. Ours has gone with Natwest and apparently they do all the checks before valuation (apparently the AIP is a proper credit check not a soft one), so if the valuation gets booked in everything is looking good. Not sure how others do it though. You could try searching past threads to see if the info can be found there? Nat west's website is quite good for FAQs too, maybe Halifax's website will explain the process a little more.

Thanks, ill check their website. I could probably even ask the broker to be honest. I just tend to use this site as my first point of contact.

Its only been a few days so im not in a hurry just excited as its our first time buying.