Halifax Mortgage Bank Statements

FirstTimeBuyerLife

jamielutz1987 said:

FirstTimeBuyerLife said:

jamielutz1987 said:

FirstTimeBuyerLife said:

jamielutz1987 said:

FirstTimeBuyerLife said:

Hello, Have you had an update from your mortgage application to Halifax?
If not, when did you submit the application?

@FirstTimeBuyerLife If you were asking me, mine went to offer the same week after a desktop valuation.

Congratulations!! So they approved the mortgage within a week?

@FirstTimeBuyerLife That's right, 4 days.

That’s so good! How did your valuation go?

It was a desktop valuation and came back for the price we are paying. I think the report returns the lower of the purchase price and what the valuer thought it was worth.

Oh great stuff! Have you completed then? 

I wonder how they do a desktop valuation surely they’d need to see the property. 

jamielutz1987

@FirstTimeBuyerLife Conveyancing still in progress, unfortunately got a expensive but still !!!!!! solicitor being slow.

As per my broker, Halifax are doing desktop valuations for most properties.
Not sure  howi it works exactly but I assume they have some model or something that spits out a number.

They still charge the same though, £200 per valuation.

FirstTimeBuyerLife

jamielutz1987 said:

@FirstTimeBuyerLife Conveyancing still in progress, unfortunately got a expensive but still !!!!!! solicitor being slow.

As per my broker, Halifax are doing desktop valuations for most properties.
Not sure  howi it works exactly but I assume they have some model or something that spits out a number.

They still charge the same though, £200 per valuation.

Oh the solicitors. I’m hearing so much about really slow and bad solicitors than negative. So hard to pick a good one eh? 

Cheeky that they charge the same amount when they’re not even going to see the property.

jamielutz1987

@FirstTimeBuyerLife I've used many solicitors in the past many years, never had one that I would confidently recommend to a friend.
This time speed was of the essence so we eschewed the bigger online firms and picked a local one who is more expensive but has turned out to be s-h-i-t. At least with the bigger ones a 1-star Trustpilot review gets you some attention.

FirstTimeBuyerLife

jamielutz1987 said: 

@FirstTimeBuyerLife I've used many solicitors in the past many years, never had one that I would confidently recommend to a friend.
This time speed was of the essence so we eschewed the bigger online firms and picked a local one who is more expensive but has turned out to be s-h-i-t. At least with the bigger ones a 1-star Trustpilot review gets you some attention.

Ah man that actually sucks! I don’t get why they are all so slow.. it’s like they don’t care? Maybe no enjoyment in their jobs.

How long was it between you applying for the mortgage and then informing you that you were successful pending valuation? And how long ago did you apply? 

jamielutz1987

@FirstTimeBuyerLife Applied almost 3 weeks ago. 
Day 1 - application submitted
Day 2 - broker informed me that it's all ok subject to valuation
Day 4/5 - broker emails me his copy of the offer