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Hello all... Just wanted to asses approximate time-scales on mortgage application.

Prichard
Prichard Posts: 55 Forumite
Second Anniversary 10 Posts Name Dropper
in House buying, renting & selling
Buying a house (new build) which is my second home. I am part-exchanging my old house and have gone through one of Halifax's Participating Broker/Builder combinations (opening up 85%+ lending on new builds).

Buying a house for £650,000 with a £80,000 deposit. My income is £96k and my fiancee's is £56k. AIP was fine through Halifax's Premier Lending team. Broker says that he has never seen a Halifax Premier AIP have issues at full application. No history of any missed payments/defaults etc in the last 6 years.

Full application went in with Amy at Halifax, hard searches done on both my partner & I. Broker said that Amy was happy with everything on Friday. Valuation instructed for Thursday. Email from broker's assistant advising that she thinks an underwriter will have reviewed in 2-3 business days.

Are Halifax AIP's as reliable as my broker is saying? I have read that they very good if the broker got the AIP application correct.

Just really excited to get into our new place and start working on what we have planned for it.

Comments

  • MovingForwards
    MovingForwards Posts: 17,164 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Best off asking on the mortgage board as that's where the brokers hang out.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • kingstreet
    kingstreet Posts: 39,338 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    See thread on M&E as more traffic.
    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.
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