Checks before funds released?

sammcmillan

Hi everyone
Does anyone know what checks Halifax make before they release mortgage funds on completion?
My partner may be given a company vehicle shortly (before we complete on our new build) and if he does his income will drop slightly as he will start paying tax on the vehicle.
I understand that they (Halifax) will do more credit checks before releasing funds but do they ask to see up to date pay slips as well?
Also, if our completion window get pushed back beyond the date our existing mortgage offer expires would we have to start the whole process again with the Halifax (i.e then need to show them all our paperwork again as if we were new applicants) or would they just offer us a different product (assuming we still pass their credit checks!) without needing anything else?
I am thinking that it might be best to just hold tight on the company vehicle and wait until we are in our new home before we do this but any advice would be greatly appreciated.

kingstreet

Halifax offers don't expire but you have to remain within the product's drawdown deadline.

If, for example, this is 30 June and you won't complete before then, you will need to pick another product which will now have a 31 December or 31 March drawdown deadline.

Unlikely to be asked for more evidence of income, but that depends on the way the application was handled in the first place. EG If it went for business assessor approval before, it has to go back again.