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First Time Buyer - Mortgage Application with Halifax at Valuation stage
mlapesch
Posts: 1 Newbie
Hello,
Have followed these posts for sometime now and have gathered quite a bit of useful information from them, was wondering if anyone could help or provide me with any further details as per below query.
My girlfriend and I are currently applying for a Mortgage via our broker with Halifax, we have previously received a Decision in Principle from them.
Loan to Value is 75% of the property and Halifax have currently only requested to see payslips from both us as documentation. I was advised yesterday (03/05) by our broker, Halifax are happy with the payslips (a hard credit search was carried out on 02/05) and she is just awaiting for them to instruct the Valuation Survey. Once this comes back she believes the mortgage offer will be issued.
As I am first-time buyer and please excuse me for any ignorance, can anyone who has been through a Mortgage application, especially with Halifax, advise what further steps are still left in the Application? Will they be requiring any further documentation or looking at Credit files in anymore detail? I assume being at Valuation stage is a positive sign, but I am somewhat wary as have read many stories on here about Lenders pulling out for various reasons.
Thanks and appreciate anyone's help in advance
Have followed these posts for sometime now and have gathered quite a bit of useful information from them, was wondering if anyone could help or provide me with any further details as per below query.
My girlfriend and I are currently applying for a Mortgage via our broker with Halifax, we have previously received a Decision in Principle from them.
Loan to Value is 75% of the property and Halifax have currently only requested to see payslips from both us as documentation. I was advised yesterday (03/05) by our broker, Halifax are happy with the payslips (a hard credit search was carried out on 02/05) and she is just awaiting for them to instruct the Valuation Survey. Once this comes back she believes the mortgage offer will be issued.
As I am first-time buyer and please excuse me for any ignorance, can anyone who has been through a Mortgage application, especially with Halifax, advise what further steps are still left in the Application? Will they be requiring any further documentation or looking at Credit files in anymore detail? I assume being at Valuation stage is a positive sign, but I am somewhat wary as have read many stories on here about Lenders pulling out for various reasons.
Thanks and appreciate anyone's help in advance
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