Halifax Valuation Timeline/ Underwriter

aloaaa

We have finally received an offer! I started to give up hope after the amount of documents that was requested    
My Timeline: 
21st September- MIP received with credit checks via Halifax
6th October- Application sent
7th October- Request for most recent bank statement and payslips
9th October- Request for my Employment history 
9th October- Valuation booked for the 15th October 
16th October- Valuation passed 
19th-IDs rejected due to the wrong address
20th October-  Request for DHs Tax returns for last 5 years 
21st October- updated IDs submitted and accepted 
23rd October-Request for my latest bank statement 
30th October- Received and sent my employment history  from HMRC
5th November- Employment history rejected due to the wrong address registered through HMRC and my maiden name (still haven't changed named from getting married last year) 
7th november- After changed name on HMRC and proof of New address. Application goes back to underwriter. 
10th November- Phone call at 10pm confirms an offer has been given and will be in the post in the next few days. 

85c

Hi is anyone SE here? We have an application with Santander nearly 9 weeks and nothing. People keep saying try Halifax we already have our mortgage with Halifax. We have an MB but feel let down by them. 

PicklePupPop

Hi
Yes my partner is. I can't offer advice but we are in the same boat. We waited about 6 weeks with santander to unfortunately be turned down. Although the business has been in profit, my partners earnings gave gone down a bit due to moving from salary to an incriment (can't think of right name 🤔) where he has a low base salary and then up to four lump sums through the year.

We are now going through the process again with halifax. Hoping that it works out better thus time or we will need to rent for a year or so instead which is far from ideal. 

85c

PicklePupPop said:

Hi
Yes my partner is. I can't offer advice but we are in the same boat. We waited about 6 weeks with santander to unfortunately be turned down. Although the business has been in profit, my partners earnings gave gone down a bit due to moving from salary to an incriment (can't think of right name 🤔) where he has a low base salary and then up to four lump sums through the year.

We are now going through the process again with halifax. Hoping that it works out better thus time or we will need to rent for a year or so instead which is far from ideal. 

Thank you. I’m sorry about your experience with Santander. We were supposed to have an update last week but nothing. How far in to the application were you before you got turned down?

PicklePupPop

Hi
We had the valuation first, soft and hard credit check, they had payslips, tax and accounts. So all the way through. They gave us a mortgage in principal very quickly but then the mortgage offer ran for weeks on end before being turned down. Apparently they have been in trouble for the amount of time it is taking and are the slowest of all lenders to process. The website, Santander for intermediaries gives a bit of a timeline which may or may not be helpful. Our application was through our mortgage broker, rather than directly. Not sure if that has an influence on processing time? 

Hopefully you will hear very soon. Hoping for you it is positive xx

endangered_newt

This is our timeline, one of us is self-employed.

• 9/11 - Agreement in Principle received (soft search on credit file).
• 10/11 - Full application submitted (hard search on credit file).
• 12/11 - Mortgage offer subject to valuation
• 26/11 - Valuation carried out.
• 2/12 - Offer issued

85c

Hi everyone thank you for your comments, so after 9 weeks Santander declined us, not really sure why, saying we don’t have 2 year books, we do. Santander business manager has no idea why she’s appealing. But already spoke to a new broker that did our friends Halifax mortgage. He says Santander are awful and Halifax is much better. So waiting for an answer from Santander today although sure it won’t be over turned. Then putting Halifax one in next week. Going to tell our seller the truth and pray he waits. 

PicklePupPop

I'm sorry to hear that. Hoping the appeal works. If not, so far, Halifax seem to be doing well for us. Hoping for an offer by tomorrow. Will let you know. 

Halifax asked for tax returns but please note they want a full breakdown of earnings, benefits and pensions. Our accountants didn't have it in that format however was able to send them this another way eventually. They did want to see full accounts had this not been possible, which we wouldn't have been able to give them until next week when it's signed off. So if your accounts for this year are not ready, I'd advise get them signed off ASAP.

Hopefully I'll be able to write back tomorrow with positive news... 

PicklePupPop

In regards to seller, definitely just be honest. Hopefully they will wait. 

Our seller is getting nervous and it's a real possibility that they'll put their house back on the market. Their estate agent told us not to worry yet, however if no news very soon, they will likely put a time limit on it before doing so. If this mortgage doesn't work out, that'll be a definite sadly 😔 

FTBRen22

Did you hear back? 
I've currently got a mortgage application ongoing with Halifax myself and they are taking a very long time to respond! 
My application was submitted on the 24/11 and had an email to day it was approved the same day, valuation took place on the 1/12. They then requested paperwork regarding the house that was sent to them 11/12. Heard nothing since other than the MA saying large delays.