Mortgage transfer

richie_greenuk

We are in the process of moving and are seeking a new mortgage. Our advisor has mentioned that we may be able to move from IF, our current provider, to Halifax as they have given us an offer in principle. He did also mention that as we are current customers of the hbos group and have a good credit rating, halifax may not require proof of income - have I misunderstood or is this correct?

herbiesjp

If they have done the agreement in principle for you, it will normally list what items they require i.e. proof of income.

They can request whatever information they want, at any time during the process.

If I remember your previous posts, you have proof of income, so that should not be a concern really should it?

richie_greenuk

Thanks for the reply,

No it won't be a problem but I am slightly wary of the mortgage advisor due to a few things he has advised so far. I just can't understand why any company would not require proof - apparently nothing is listed on the AiP.

MortgagesInc

If your credit score is good enough, Halifax don't require proof of income, even up to 95% in some cases, whether you're a customer of the group already or not.

They take the view that if you have a good enough background and credit profile then they're not concerned at all about lending to you.

herbiesjp

Why are you wary - what has he advised you that you do not like

richie_greenuk

Thanks mortgagesinc, perhaps that is what he was refering to.

Herbiesjp, my concerns are due to the fact that communication is very bad. Maybe it is just me but we are always chasing him hence my post on here as we didnt seem to be getting anywhere fast