Halifax mortgage process

MPEARSON

Can someone in the know please give some info.
We are applying to Halifax for a mortgage, and the valuation was done yesterday.
Can we assume that we passed the initial credit scoring because they arranged the valuation? Or do they do the valuation regardless?
We've had a few credit searches done by Halifax since applying. 3 in total, most recently the day before the valuation.
Impatiently waiting.....
Thanks

ap1985

Hi MPearson, I recently got my offer from Halifax in the post. Halifax only instruct valuation once the case has been approved. Did you get a approved subject to valuation from them beforehand?

amnblog

You can assume there are no hitches so far and none with scoring, but they do the valuation before they finalise everything else - it's not over UTFLS

kingstreet

ap1985 wrote: »

Hi MPearson, I recently got my offer from Halifax in the post. Halifax only instruct valuation once the case has been approved. Did you get a approved subject to valuation from them beforehand?

That's only the case where the application goes for Business Assessor or CDT referral at the outset.

Most cases, the valuation is instructed immediately the application is submitted.

MPEARSON

Valuation came back as acceptable. We've had a couple more hard credit searches (now 5 in total!)
It's with the underwriters and we're told we will get a decision in the next couple of days.
Slight thread drift, but if applying for finance in the future will all of these credit searches be grouped into 1, or would they be treated as 5 separate applications for credit? A new car is next on the agenda, once the home is (hopefully) sorted.

amnblog

Don't be concerned about credit scores - this won't harm you for your car.

TJParsons

We're in exactly the same boat as you with Halifax, glad to hear it won't affect getting a new car as we've been driving a tin can for months now whilst sorting out the mortgage! Fingers crossed you hear a positive answer this week.

kingstreet

You should make no new applications for credit until after your purchase and mortgage are completed.

Do not view the mortgage offer as the point you can start having new credit searches.

TJParsons

Yeah, I should've been a bit clearer there, no new car until the house keys are in our hands.

rex28

We're in the same boat. Also won't apply for any credit until we complete on the house.