Halifax Valuation Timeline/ Underwriter

Aqeelm701

jrrrrj said:

Aqeelm701 said:

vickya said:

Anyone got any idea of Halifax's rationale for whether they do a desktop valuation or a physical inspection?

They do physical mate.
Have you submitted your full application? 
Whats the date 

Halifax did a desktop valuation on mine. 

Did you apply through a broker or direct? 

Aqeelm701

jrrrrj said:

Aqeelm701 said:

vickya said:

Anyone got any idea of Halifax's rationale for whether they do a desktop valuation or a physical inspection?

They do physical mate.
Have you submitted your full application? 
Whats the date 

Halifax did a desktop valuation on mine. 

Did you apply through a broker?
What all documents did Halifax request? 

Aqeelm701

Halifax have asked me for my contract of employment today and proof of deposit.
( Evidence of full deposit with clear audit of the origin of funds for the applicant?)

Does this sentence mean bank statements? 🤔 

janoid19

I had a desktop valuation in October.
Full application through broker on the Monday and offer letter was dated the Wednesdays date, so 2 days from application to offer! 

Gem_M90

Aqeelm701 said:

Halifax have asked me for my contract of employment today and proof of deposit.
( Evidence of full deposit with clear audit of the origin of funds for the applicant?)

Does this sentence mean bank statements? 🤔 

It means you have to show where the funds are coming from. If its from your own savings they'll want 3 months bank statements showing the money in your account or being built up in a savings account. 
If you have gifted deposit they'll want evidence of the account the gifted money is coming from. My parents gifted me money for my deposit and Halifax required 3 months statements from them showing the account the money has been in, and it then being transferred to me. And they then needed evidence from my account showing the money transferred and it being held in mine. 

Aqeelm701

Gem_M90 said:

Aqeelm701 said:

Halifax have asked me for my contract of employment today and proof of deposit.
( Evidence of full deposit with clear audit of the origin of funds for the applicant?)

Does this sentence mean bank statements? 🤔 

It means you have to show where the funds are coming from. If its from your own savings they'll want 3 months bank statements showing the money in your account or being built up in a savings account. 
If you have gifted deposit they'll want evidence of the account the gifted money is coming from. My parents gifted me money for my deposit and Halifax required 3 months statements from them showing the account the money has been in, and it then being transferred to me. And they then needed evidence from my account showing the money transferred and it being held in mine. 

They are asking me to show all the orgin and trace where the gifters got the money from.
Why do they want where is the money coming from as a gift and where they got it from.i have slowed them 3 month's of statements of gifters now they want to know where did they get it from

Seashell517

Aqeelm701 said:

Gem_M90 said:

Aqeelm701 said:

Halifax have asked me for my contract of employment today and proof of deposit.
( Evidence of full deposit with clear audit of the origin of funds for the applicant?)

Does this sentence mean bank statements? 🤔 

It means you have to show where the funds are coming from. If its from your own savings they'll want 3 months bank statements showing the money in your account or being built up in a savings account. 
If you have gifted deposit they'll want evidence of the account the gifted money is coming from. My parents gifted me money for my deposit and Halifax required 3 months statements from them showing the account the money has been in, and it then being transferred to me. And they then needed evidence from my account showing the money transferred and it being held in mine. 

They are asking me to show all the orgin and trace where the gifters got the money from.
Why do they want where is the money coming from as a gift and where they got it from.i have slowed them 3 month's of statements of gifters now they want to know where did they get it from

It's to comply with anti-money laundering regulations. If the gifters got the money from drug dealing then it wouldn't be allowed. If it's from savings, it's fine. Hasn't your broker explained this?

jrrrrj

Aqeelm701 said:

jrrrrj said:

Aqeelm701 said:

vickya said:

Anyone got any idea of Halifax's rationale for whether they do a desktop valuation or a physical inspection?

They do physical mate.
Have you submitted your full application? 
Whats the date 

Halifax did a desktop valuation on mine. 

Did you apply through a broker or direct? 

A broker.

jrrrrj

Aqeelm701 said:

jrrrrj said:

Aqeelm701 said:

vickya said:

Anyone got any idea of Halifax's rationale for whether they do a desktop valuation or a physical inspection?

They do physical mate.
Have you submitted your full application? 
Whats the date 

Halifax did a desktop valuation on mine. 

Did you apply through a broker?
What all documents did Halifax request? 

My broker asked for a variety of things including the last three months worth of payslips, six months of bank statements and then identification like my passport and a utility bill as well as a statement of my savings account showing how my deposit had built up. My conveyancer also asked for the same. 

My broker told me that even though she’d asked me for all of this, when Halifax got in touch with her, all they asked her for was one payslip and that was it. 

Aqeelm701

Seashell517 said:

Aqeelm701 said:

Gem_M90 said:

Aqeelm701 said:

Halifax have asked me for my contract of employment today and proof of deposit.
( Evidence of full deposit with clear audit of the origin of funds for the applicant?)

Does this sentence mean bank statements? 🤔 

It means you have to show where the funds are coming from. If its from your own savings they'll want 3 months bank statements showing the money in your account or being built up in a savings account. 
If you have gifted deposit they'll want evidence of the account the gifted money is coming from. My parents gifted me money for my deposit and Halifax required 3 months statements from them showing the account the money has been in, and it then being transferred to me. And they then needed evidence from my account showing the money transferred and it being held in mine. 

They are asking me to show all the orgin and trace where the gifters got the money from.
Why do they want where is the money coming from as a gift and where they got it from.i have slowed them 3 month's of statements of gifters now they want to know where did they get it from

It's to comply with anti-money laundering regulations. If the gifters got the money from drug dealing then it wouldn't be allowed. If it's from savings, it's fine. Hasn't your broker explained this?

I have sent them 1 years of evidence of the amount build up lets see what they say maybe I'll here back on Tuesday I reckon I'll keep you posted