Halifax Valuation Timeline/ Underwriter

Jazmin28

watch3r said:

@Jazmin28 any progress ??
my solicitor is waiting for their copy of the offer ....
waiting game again 😅

FTHophap said:

@watch3r I had my valuation on Tuesday, waiting to hear back from someone 😅. Fingers crossed it’s approved. 

Hopefully your solicitors receive their copy soon!

@Jazmin28 hope the queries are resolved

Hey all,

Yes i had to chase the estate agent to get this done. Got email today that the Seller solicitor actually sent the answers on the 14th of July!!! What a joke LOL . The reason it didn't get to our solicitor was because the email was such a large size it had trouble being sent fully over. None the less - All questions answered and documents provided, our solicitor is reviewing them an making a report to be sent to us.  

Regarding the mortgage offer, - i was a bit cheeky and called Halifax today and asked when the Mortgage offer was sent to our solictor and they said on the 24th July, and it was second class recorded. should be there tomorrow i reckon.
TIP: If it hasn't come - your solicitor can call the bank and request the documents and a secure file link will be given.. [this is with Halifax anyway]

One question that i have if anyone knows. 
ATE [ Authority to Exchange] - With regards to help to buy purchases.
How long does this usually take to happen? And does this have to happen before we sign exchange contracts?
Some input would be great to hear.. 

Should have the exchange contract next week i reckon fingers crossed, and aim for completion on mid august or around 10th. 
Anyway, hope all is going well for everyone else.

watch3r

I was aiming for 12 as that’s when I would need to pay another months rent.
looking very slim . If she sends the form1 tomorrow we will need to wait a week , presuming the submission date doesn’t count so ATE next Friday , exchange on Monday if she sends form2 on Monday I’ll get ATC on Wednesday so nope. 
3rd week of august for me 😅. 

I’ve been told it’s a formality but my solicitor is very professional so she will not cut corners and everything will be done properly and “due course” - I hate this expression. 

But I’ve called my developer and asked if I can pop over and take some measurements so now that I have a mortgage secured it’s my first visit to my house 😍
edit : need to double check with MA but Barclays take the first payment on the 16 then on the 1 . So when I complete 17.08 my first payment would be 16.09 , then 2.10 . Need to take this into account 

Jazmin28

yeah we haven't actually got a date yet.. im just speculating lol. props 3rd week for us as well .. 
So let me ask you this, have you signed and exchanged paper work yet?
Can they send over the Form1 without  exchange paperwork signed..? 
I think me and you are in the exact same boat - which is nice to know  
With halifax - they take the payment at the beginning of the month with the added interest. 

watch3r

You can’t exchange without ATE. 

And you can’t complete without ATC .

I’m quite confused with the signing think as I understand exchange is done between solicitors and I need to sign only the deed to accept my mortgage offer I know that my solicitor doesn’t need to wait for this to proceed with ATE.
I signed something related to HTB but didn’t pay attention what it was .
All the paperwork apart from that is done .
at some point before the exchange they need my deposit. And on completion I pay the solicitors fees. 

Will be updating as it progress 

Toastie2018

FTHophap said:

@Girlisgettingthere Wow that is fast, I'm at 7 weeks FTB, joys of having to wait for a valuation.
Next time I buy, I may just sell and move to my parents - once that's all done I'll go live in Scotland!

I'm a FTB too FTHophap. Application submitted 16/07/2020 by broker. Hard search completed on the same day, then *crickets*. No valuation booked yet according to the EA. 

FTHophap

@Toastie2018 I hope you hear something soon, even if it’s just a status update from your broker!

Toastie2018

FTHophap said:

@Toastie2018 I hope you hear something soon, even if it’s just a status update from your broker!

Thanks FTHophap. I am trying to be patient as I know that some banks and brokers are quite busy. I will give it until Monday next week and send more emails. 
P.S. might just follow suit and move to Scotland.

watch3r

I know that Barclays MA have internal memo to not chase applications once submitted as that slows down everything. 

Toastie2018

Thanks watch3r. I would be happy to wait for as long as it takes, but the EA (and I'm sure the vendor) want updates. So caught in the middle. I think just a rough timeline would be useful e.g. 2-4 weeks. 

muhammad_minar

So nice to hear about the successful mortgage offer for some - gives hope to some of us still waiting. In with Santander - timeline;

July 9 - DIP and Full application with documents attached
July 10 - documents accepted and application passed to underwriters
July 21st - request for additional documents
July 22nd - documents sent and accepted and passed back to underwriter
July 24 - physical survey completed
July 27 - request for additional info. Sent same day and accepted. Passed back to underwriter
July 29 - survey report recieved

now waiting for decision... so frustrating