Halifax mortgage valuation/offer question

sturgeon

The buyer of my flat is having issues with the lender his broker tried (Accord-no idea why they bothered as online reviews are attrocious). They're being funny about service charges.

The broker has now applied with Halifax, or must have done last week as a valuation has now been booked in for the middle of this week. My question is, i imagine this is a good sign and the application so far must be well underway? Would he have passed their credit checks etc?

How long after the valuation visit might the buyer be offered his mortgage?

I accepted the offer around 6 weeks ago so am getting very impatient with all the hold ups!

Jamesjames

'My question is, i imagine this is a good sign and the application so far must be well underway? Would he have passed their credit checks etc?'

My understanding is that halifax does a soft check prior to evaluation and not a hard check. So, having valuation arranged does not necessary mean they have passed the credit check as a hard search might reveal otherwise.

Thrugelmir

sturgeon wrote: »

They're being funny about service charges.

Perhaps the issue was regarding affordability. Once service charges were taken into account on top of the mortgage commitment.