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Hello all... Just wanted to asses approximate time-scales on mortgage application.
Comments
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Sounds like you deserve a drink.0
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Third Heineken in hand. The benefits of working from home.
Feel free to quote that post and put it right in the edit.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 -
kingstreet wrote: »Third Heineken in hand. The benefits of working from home.
Feel free to quote that post and put it right in the edit.
Sounds like I need a change of career :beer:0 -
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.
Auto request for some information on commuting distance/confirmation of present address came through. Broker jumped on it and spoke to Case Manager at Halifax who confirmed it was a technical issue. Case manager also confirmed that case has been approved pending the valuation on Thursday!
Anyone know how the valuation process works on new builds on mid-large scale developments?0
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