Halifax Valuation Timeline/ Underwriter

Jazmin28

RPF1992 said:

Jazmin28 said:

So we are still waiting on a decision from Halifax.. valuation was done on the 16th, and report was all fine and they sent an email saying that the money was available.. but now nothing. Yesterday they asked the MA to key in my partners work address again, but that was already done and i think it might of been a system error. 
I've asked him again today but there was no further update..

Is anybody else in this position.. MA keeps saying that he cant speak to anyone there as it all automated..why is there is delay, what is the next steps are this? any information to keep me sane would be great.. 

By the sounds of it, Halifax has gone into an administrative slump...

MA's have to email Halifax to request a callback - it is the only way to make contact with Halifax apparently!

No updates seems to be the theme at the moment... Not ideal! We put our app in on 24/6 and are still with underwriters. According to our MA, they are on a 9 day turnaround with underwriting process, which means we SHOULD hear back today but are also still yet to have a date booked in for valuation. The fact that we have heard nothing for about 3 weeks now is really worrying.

Yeah that why i am confused.. i am none the wiser on what stage the mortgage is at.. all i want to know what is pending and where? if its at the underwriters that is fine, but i'd just like to know..We've had our valuation done and the report has been shared over to us.. who knows what is going on ?

Thrugelmir

Jazmin28 said:

Thrugelmir said:

Jazmin28 said:

It also mentioned that the valuer has made some additional comments on the report, and they will contact the MA once they have been reviewed and provide any next steps. i think this is just about service charge.. nothing to worry about the MA said.

Take a close look at the potential service charges that could be levied. 

Its 30 pounds a month for the service charge and that is just because its a private residential community.. 
What do you mean by service charges that could be levied.. is there something i could be missing here?

Costs will rise over time. What are you liable for? 

Jazmin28

Thrugelmir said:

Jazmin28 said:

Thrugelmir said:

Jazmin28 said:

It also mentioned that the valuer has made some additional comments on the report, and they will contact the MA once they have been reviewed and provide any next steps. i think this is just about service charge.. nothing to worry about the MA said.

Take a close look at the potential service charges that could be levied. 

Its 30 pounds a month for the service charge and that is just because its a private residential community.. 
What do you mean by service charges that could be levied.. is there something i could be missing here?

Costs will rise over time. What are you liable for? 

Just the usual stuff i am assuming, the land + the landscaping , and there is a sewage treatment plant on there as well so that has to be collected. I did mention that 3 out of the other 8 plots have now all be sold - so shouldn't see this as a big issue.

What do you think is holding back the offer.. like i said, i just want to know where we are with its progress. 

justme200194

Our MB advised today that Halifax have an 8 day turnaround for underwriting at present. Our application which is now being appealed has been sent off to senior underwriting so whether the 8 days applies to senior underwriting/appeals process only I don’t know 🤷🏻‍♀️ 

Jazmin28

justme200194 said:

Our MB advised today that Halifax have an 8 day turnaround for underwriting at present. Our application which is now being appealed has been sent off to senior underwriting so whether the 8 days applies to senior underwriting/appeals process only I don’t know 🤷🏻‍♀️ 

Have you had your valuation report? and is it all clear? 
Also are you employed or Self employed? 

justme200194

Jazmin28 said:

justme200194 said:

Our MB advised today that Halifax have an 8 day turnaround for underwriting at present. Our application which is now being appealed has been sent off to senior underwriting so whether the 8 days applies to senior underwriting/appeals process only I don’t know 🤷🏻‍♀️ 

Have you had your valuation report? and is it all clear? 
Also are you employed or Self employed? 

We are self employed (director & shareholder of Ltd Company) we won’t get a valuation report from Halifax until they approve our mortgage.

Jazmin28

Ahh I see, different process for everyone I guess. We had our valuation report and everything is done.. not sure what we are waiting on.. maybe it's in a pile of work that's been building up 

justme200194

Jazmin28 said:

Ahh I see, different process for everyone I guess. We had our valuation report and everything is done.. not sure what we are waiting on.. maybe it's in a pile of work that's been building up 

I should imagine there has been a surge in submitted applications since the stamp duty holiday was implemented, hence the longer waits. Hopefully you won’t have to wait too much longer though! 

watch3r

@Jazmin28 I was certain you will get you offer before my valuation. I really hope with Barclays it will be automatic offer once valuation goes through 🤞

Jazmin28

watch3r said:

@Jazmin28 I was certain you will get you offer before my valuation. I really hope with Barclays it will be automatic offer once valuation goes through 🤞

Good news, this morning at about 8.15 am we received the full mortgage offer from Halifax. 
We are so over the moon, and relieved as these are crazy times. @Watch3r i am sure yours will go through without any problem,.

My big bit of advice, be patient and good things will come.!
Have a great rest of your week everyone and thanks once again for all the support and help keeping me sane on this forum.
We are aiming for a completion date of early august.