Porting Halifax mortgage - evidence required

Molenpad72

Hi All

I have an existing mortgage of balance £130,000 with Halifax and I'm looking to move home, borrowing an extra £60k. My LTV will be about 88% on the new home.

I discussed this with Halifax on the phone and got an AIP for what we want to borrow, in fact we can borrow a little more on paper than what we actually need to, but don't intend to.

Since we took out our original mortgage 4 years ago our joint income has roughly doubled from about £42k per jear to £81k per year. We have some extra outgoings since then, a loan of £16000 with two years remaining and a leased car with 3 years remaining.

Halifax said that we have passed a soft credit check and said that we can port our existing rate. I can see on my Experian profile that Halifax have left a soft footprint related to a mortgage enquiry. When we are ready to submit the full application with exact house prices and borrowing amounts etc, we can do, and all we need to provide is a single payslip each according to the MA, and that is printed on our AIP.

Does that sound correct? There's nothing wrong with my bank statements, I have an overdraft which I clear every month if I go in it, and I have declared that at the AIP stage, so I'm not really worried about anything being picked up.

I am wondering if because we already have a mortgage with Halifax (and my wife banks with them, but I don't) there may well be less scrutiny. Or is this normal.

I am sure when we originally went for this mortgage we had to provide loads of paperwork and months worth of statements, albeit we used a broker so maybe it wasn't sent on to the lender unless requested.

Logistically speaking, if not financially, this a big move for us, and we have decent credit records so I am always naturally nervous of doing anything that may upset that.

amnblog

You now have a track record with the Lender so what they needed to know via Bank Statements, they know via that track record.

You are worrying over nothing. Simply provide what you are requested to provide, no more.