Halifax checks on completion

Has anyone had any experience with completing on a property with Halifax post lockdown? Are they doing further financial checks before completion? We have exchanged and due to complete in August. Mortgage offer is valid until December. 
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  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    they can and will do checks, from checking credit files or requesting updated payslip for e.g, why do you ask?
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • Just concerned with the current situation that they may become risk adverse and put in stricter requirements
  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    Fairway12 said:
    Just concerned with the current situation that they may become risk adverse and put in stricter requirements
    generally lenders do honor offers put out already, very rare to pull offers unless there s a problem
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • FtbDreaming
    FtbDreaming Posts: 1,127 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    I got my offer in February and my solicitor raised an enquiry with the mortgage offer last week and they have done another hard check. I’m still not near completion 
    Mortgage started August 2020 £69,700
    Mortgage ends Aug 2050 MFW: Aug 2027 
    Current Balance: £58,678
    MFW2020 #156 £723.13
    MFW2021 #26 £1184.71
    MFW2022 #11 £197.87
    MFW2023 £785
    MFW 2024 £528.15

    Determined to make it! 
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    every stage or check , they will run a search even when payingout
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • Irukai
    Irukai Posts: 14 Forumite
    10 Posts
    Received our offer on the 13th January 2020, offer expires on the 30th September 2020.  We are completing and hopefully moving in on the 19th June, Halifax performed a Hard Credit Search and Soft Affordability Search on the 20th May. Called the Mortgage broker and solicitor at the time and both  said they hadn't heard anything and if we don't hear anything everything is okay. Doesn't help with settling the nerves though......but yes they are performing checks throughout the process. Will be interesting to see if they perform another one on drawdown day.
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    Irukai said:
    Received our offer on the 13th January 2020, offer expires on the 30th September 2020.  We are completing and hopefully moving in on the 19th June, Halifax performed a Hard Credit Search and Soft Affordability Search on the 20th May. Called the Mortgage broker and solicitor at the time and both  said they hadn't heard anything and if we don't hear anything everything is okay. Doesn't help with settling the nerves though......but yes they are performing checks throughout the process. Will be interesting to see if they perform another one on drawdown day.
    the did when we took ours out before sending funds to the solicitor
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • SimonBck
    SimonBck Posts: 138 Forumite
    100 Posts First Anniversary Name Dropper
    Just out of interest what are they checking when they perform the checks? Is it to see if you have taken out credit after the offer? 
  • Irukai
    Irukai Posts: 14 Forumite
    10 Posts
    SimonBck said:
    Just out of interest what are they checking when they perform the checks? Is it to see if you have taken out credit after the offer? 
    So far we have had the following checks, we are going through a broker:
    07 November: Hard Search: Checking Credit Application
    13 January: Offer received after issues with valuation. Broker performed a soft check as well.
    20 May: Hard Search: Checking Credit Application
    20 May: Soft Search: Affordability Check
    By the sounds of things we can expect one more search this week. Some say it is just an employment/bankruptcy check but not sure.
  • Irukai
    Irukai Posts: 14 Forumite
    10 Posts
    chanz4 said:
    the did when we took ours out before sending funds to the solicitor
    Did they check you between offer and completion then again on payout? Our solicitor is doing teh request this week if she hasn't done so already  Would be interesting to see how many checks they did on you.
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