We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
AIP from Halifax then decline
hunt85
Posts: 332 Forumite
Just working out how to plan. Gone through a broker who is also a friend for our mortgage, AIP agreed with Halifax. Has anyone then had a mortgage declined by halifax?
0
Comments
-
Yes. Many people - otherwise it would just be an A, not an AIP.0
-
What was the reason for the decline?0
-
They've not been declined, they're just asking if Halifax agree 100% of their AIP's.
Generally speaking if the AIP has been completed accurately and there's no issues with income/paperwork you should be fine.I am a Mortgage BrokerYou should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.
This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
We went through the process of applying with Halifax via a broker a few weeks ago. It's a very stressful and nervous time so I understand how you feel.
Our broker originally applied with Nationwide and we were rejected. We didn't even get an AIP. He then applied with Halifax and we had an AIP agreed but I kept reading about how unreliable they were from Halifax.
My partner has had a few late credit card payments in the last year, usually just paid a couple of days late because she's forgetful. But I'd taken out a few payday loans around Christmas time last year, so I thought our chances of success were slim. After just a week from the full application, the valuation had taken place and we received a full offer. :j
As difficult as it may be, try to relax. There's nothing you can do about it. You'll either get accepted or you won't. Just be honest in your application(s) and hope for the best.1 -
Very few Halifax DIP passes turn into fails at full application.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
-
Thank you all. No i wasnt asking if 100% then go to offer I'm asking about general experiences on it all. Thanks all.0
-
'Very few Halifax DIP passes turn into fails at full application.'
Oh that's interesting Kingstreet and very helpful. Had forgotten the stress of mortgage waiting after 11 years and read so many cases of AIP being turned down - admittedly some time ago and I know it still happens but sounds like they are perhaps more sophisticated now than even two years ago.0 -
The best way to get a Halifax AIP to fall over at Full Application stage is to get the AIP wrong in the first place.
Unfortunately, many clients and quite a few brokers are quite good at this.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Well without hijacking op am hopeful that as aip and then full application done in branch it is a good sign0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards