Valuation cancelled by Halifax

[Deleted User] · 29 November 2019 at 4:26PM

Mani_London wrote: »

Thanks for your reply. It has been three month since i started my 2nd job. I had the offer since May and then the company has some internal issues and they couldn't take me on board till august.

i use to do 2 jobs in past as well. Last year same time i was doing a 2nd job as well. i left that in feb 2019.

What type pf proof you can submit along with your application for lenders to consider 2nd job as well. Like it is genuine so providing proof or letters from employers is not an issue.

Thanks

For my first job i travel very less and i can get all the proof for this from my employer.

No proof can be submitted beyond payslips. Sometimes they just get a feeling you are doing it just to get a mortgage. Othertimes it is fine.
Its not impossible. Ive had a client with 4 jobs go straight through, but they were all small cleaning jobs and the total hours was less than a normal full time job still.
If you have a 40hour a week job and then take on a 2nd job just before a mortgage application then there is a good chance it wont go through.

You'll just have to wait unfortunately to see how they view it.

Any idea why the broker put your wifes 2nd job instead of yours?

Mani_London · 29 November 2019 at 4:42PM

My total working hours are 46 per week.

The reason for submitting my wife 2nd job was because she was earning a bit more than me. Around £3k. So that’s why. He is saying that they should accept my second job and he cant see any reason why they wont.

We have a our offer accepted. We got deposit a bit over 10% and this comes up. I dont understand why Halifax given a DIP with 2nd job, they should have refused it at that time so we could have waited for and looked into other options.

Dont know what are my other options.

[Deleted User] · 29 November 2019 at 5:06PM

Halifax give the Dip as they rely on the broker knowing if they will accept the case.

Its not Halifaxs fault that your broker is just playing guessing games rather than checking with them. A 2 minute call to broker support would have told the broker that they wouldn't use your wife's 2nd income.

There is 1 box for main job, and a 2nd box for income from an acceptable 2nd job. Every lender relies on broker knowledge to an extent

If you want the lender to give absolute 100% reassurance on a DIP after reviewing all documents then don't expect it to be cheap.

Fault lies with the broker here, not the lender

Mani_London · 1 December 2019 at 11:04PM

Thanks for your reply.

I am going to speak to my Broker tomorrow. Can someone suggest what could be my options or what can i ask him to do to make amends. Estate Agents is expecting that i will give them a mortgage offer this week. So i want to see what could be my options. The house where our offer is accepted is really good and we dont want to miss out on that.

Please suggest.

Thanks