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Mortgage value
Andrewl
Posts: 7 Forumite
I have recently applied for a mortgage with a broker who got me a decision in principle with Halifax. I’m using equity loan on help to buy. When I did the figures for help to buy and my deposit for £209995 my mortgage was £157994. Now the question is when I gave this to the broker the broker came back and said that the last figure either has to be £157995 or £157990 as has to have either a 0 or 5 at the end? Is there any reason for this!
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Comments
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Yes. The Halifax system demands it.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
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No idea but I'm putting this as point 1,273 in order of things you should be concerned about when buying your first property.0
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Ah great thanks for the reply. I have done this to £157995. My only concern is the £999 fee Halifax add to the mortgage which would put it to £158994 or is it just the initial figure that matters0
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True. However if it rejected then it would be higher than 1273 on my list!0
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Just the required amount keyed in the system. It has to end in 0 or 5.Ah great thanks for the reply. I have done this to £157995. My only concern is the £999 fee Halifax add to the mortgage which would put it to £158994 or is it just the initial figure that mattersI 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
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