Mortgage application with Halifax

dickson1234

Hi all, I'm new here.  I have just applied for my mortgage through a broker.  Mortgage is with Halifax, I have had an AIP for a 85% mortgage and affordability etc is good.  Rent is £650 and the mortgage repayments are £477!!!  Survey fee was taken when application was submitted and the full amount has now come out of my account today.  Survey is being completed tomorrow - does this mean that they have definitly accepted me.  I am an ex bankrupt dating back to 2014 which no recent credit issues.  I know a soft check was carried out for AIP and hard check with full application.  I am hoping the fact that a survey is being done tomorrow is a good sign and that they wouldn't have instructed surveyor if they were going to decline it?

foxy-stoat

dickson1234 said:

I am hoping the fact that a survey is being done tomorrow is a good sign and that they wouldn't have instructed surveyor if they were going to decline it?

The "good sign" will be after the valuation has come back at the purchase price.

Thrugelmir

dickson1234 said:

Rent is £650 and the mortgage repayments are £477!!!  

Maintenance is now entirely your responsibility. Worth having a contingency pot for the unexpected. 

dickson1234

foxy-stoat said:

dickson1234 said:

I am hoping the fact that a survey is being done tomorrow is a good sign and that they wouldn't have instructed surveyor if they were going to decline it?

The "good sign" will be after the valuation has come back at the purchase price.

I am an estate agent so have an idea of other values in the area and to be honest mine is a bit lower compared to others so the valuing up bit I am not worried about.  Thanks for your reply

dickson1234

Thrugelmir said:

dickson1234 said:

Rent is £650 and the mortgage repayments are £477!!!  

Maintenance is now entirely your responsibility. Worth having a contingency pot for the unexpected. 

Yes totally, plenty off extra money for contingency plan - house is only 15 years old

Lews_100

Hi - Same position as you.
Applied through a broker on the 20/02 with Halifax on a 5 year fixed rate.
Valuation is booked for Wednesday and I can see the searches on my credit report already. I'm using HTB on a Newbuild so hopefully all goes through okay. Just a waiting game I guess. 
Does anyone have any thoughts on Home Emergency cover along with buildings & contents. As it's a newbuild I'll have all the standard warranty but im thinking it might be worth getting the extra protection. I've been quoted £226 for a year from my mortgage broker with Accidental damage, Home emergency cover and buildings/contents. I guess all policies are different but any general advice would be great.

MovingForwards

Lews_100 said:

Hi - Same position as you.
Applied through a broker on the 20/02 with Halifax on a 5 year fixed rate.
Valuation is booked for Wednesday and I can see the searches on my credit report already. I'm using HTB on a Newbuild so hopefully all goes through okay. Just a waiting game I guess. 
Does anyone have any thoughts on Home Emergency cover along with buildings & contents. As it's a newbuild I'll have all the standard warranty but im thinking it might be worth getting the extra protection. I've been quoted £226 for a year from my mortgage broker with Accidental damage, Home emergency cover and buildings/contents. I guess all policies are different but any general advice would be great.

Best off starting your own thread as you are asking something different to OP.

chanz4

Lews_100 said:

Hi - Same position as you.
Applied through a broker on the 20/02 with Halifax on a 5 year fixed rate.
Valuation is booked for Wednesday and I can see the searches on my credit report already. I'm using HTB on a Newbuild so hopefully all goes through okay. Just a waiting game I guess. 
Does anyone have any thoughts on Home Emergency cover along with buildings & contents. As it's a newbuild I'll have all the standard warranty but im thinking it might be worth getting the extra protection. I've been quoted £226 for a year from my mortgage broker with Accidental damage, Home emergency cover and buildings/contents. I guess all policies are different but any general advice would be great.

You will be shocked at what the warranty will cover and exclude

amnblog

Halifax instruct valuation on submission so it is no indication of progress.
If your Broker has the required supporting information, he/she should have uploaded the necessary and spoken to the Lender to confirm everything.
If you can prove your income and deposit and the valuation checks out, there is little else to ‘go wrong’.

dickson1234

amnblog said:

Halifax instruct valuation on submission so it is no indication of progress.
If your Broker has the required supporting information, he/she should have uploaded the necessary and spoken to the Lender to confirm everything.
If you can prove your income and deposit and the valuation checks out, there is little else to ‘go wrong’.

Thanks I have been very precise about income etc and my history of bankruptcy so hopefully all ok. House will value you no problem.  It’s agony waiting. It’s been a long road from 2014