Any recent Halifax applicants?

Graeme1978uk

SenseandSensibility said:

My husband and I are have just recieved our AIP from Halifax (via a MB), and are planning to pursue an application with them, using the H2B scheme (LTV 75%) when we reserve a plot in November. We're both full-time NHS employees in stable jobs, have no history of credit card usage or debt (except for student loans) and earn a joint income of £45000 p.a. What sort of documentation are Halifax likely to request from us, as I've read they dont require bank statements?

Our Halifax AIP included the list of documents required. I think it was 1 payslip and 1 proof of identity for each of us, however we were asked by our MB for statements, and by our Solicitor so I'd have them ready to send.

FLB2796

SenseandSensibility said:

My husband and I are have just recieved our AIP from Halifax (via a MB), and are planning to pursue an application with them, using the H2B scheme (LTV 75%) when we reserve a plot in November. We're both full-time NHS employees in stable jobs, have no history of credit card usage or debt (except for student loans) and earn a joint income of £45000 p.a. What sort of documentation are Halifax likely to request from us, as I've read they dont require bank statements?

 I’m employed part time at a bank and Halifax asked for one months payslip and a bank statement showing that payment going in.

shakAFC

SenseandSensibility said:

My husband and I are have just recieved our AIP from Halifax (via a MB), and are planning to pursue an application with them, using the H2B scheme (LTV 75%) when we reserve a plot in November. We're both full-time NHS employees in stable jobs, have no history of credit card usage or debt (except for student loans) and earn a joint income of £45000 p.a. What sort of documentation are Halifax likely to request from us, as I've read they dont require bank statements?

Maybe just one payslip and ID

shug119

RauHughes said:

jsj25 said:

Yes, so far so good with Halifax. Submitted my full application on 20/08. Desktop valuation carried out the same day and I expect it would have been approved immediately if they didn't require a couple of changes to my employment reference letter. Sent the revised letter over to them this morning and got confirmation around lunchtime it had been approved. Not sure I'll really believe it until I've got the physical offer in front of me! Good luck!

How did Halifax contact your employer? We were told by broker Halifax reached out to my wife's employer on Wednesday and her employer is still.saying they haven't received anything. In week six now and to be frank I'm starting to lose patience!!!

Did you get a better rate through broker than through the branch  ?

fiwen30

Had our mortgage valuation done on the 14th, just got the letter the other day.

Our MA asked for an additional recent payslip and bank statement from my partner for Halifax, as his past 3 months had his pay marked as ‘sick pay’ - he wasn’t off work sick, he’d been shielding on full pay from his employer.

So we gave those details last Tuesday, but still haven’t heard anything further. Will phone tomorrow and see how it’s progressing, as it’s making me nervous not having definite confirmation of our mortgage application acceptance.

fiwen30

So I phoned and prodded our MA, who hadn’t heard that the valuation had been done 🙃 He went on and checked our application, couldn’t see why it hadn’t progressed, phoned them, and then phoned me back.

Halifax had my partner’s payslips & statements for March-July, and September; so we sent in the August ones too.

Trouble is, Halifax is throwing a wobbly over the fact that my partner’s payslips were marked as ‘Company Sick Pay’ for the months of March-some of August. Now, my partner has NOT been off sick for 4 months - he has been shielding on full pay. They also didn’t like that his September payslip showed some holiday entitlement being used - my partner had decided to take a couple of days holiday to do a phased return to work, by taking an additional day off each week.

But who are Halifax to judge if a person uses their holiday entitlement?!

Our MA explained, and we understand, that banks are looking to see applicants who are back in full-time, full-paying positions, during COVID. We’re lucky that my partner is. But it’s just really annoying to have another delay crop up - his next ‘clean’ payslip won’t be for another 2 weeks. Hopefully it’ll be a quick, painless acceptance of our application when we send that over. Cross fingers for us, please!

FLB2796

Our mortgage was ready to go to offer depending on the valuation.
The property we’re getting the mortgage on is inherited, we’re buying my dad out of it so the application goes as a remortgage. 3 estate agents valued the property for £450k but the valuation came back yesterday as £400k so our LTV has changed from 71% to 80%.

I spoke to Halifax this morning because of the valuation being less we can only borrow £311k rather than the £320k that originally we wanted (£300k to buy my dad out and £20k for home improvements)
My partner is paid via Construction Industry Scheme so Halifax base it on your last 3 months income. So I suggested as he was paid more this month than he was in June can we now change our income? After lots of checking he said yes we can and that would mean we can now borrow the £320k we want but it needs to go to the underwriters to make sure they’re happy with the changes! We never went to the underwriters originally. 

Underwriters are currently working on cases from 12th September so looks like we’ve got a 2 week wait for this to be reviewed! Has anyone’s case been reviewed quicker than estimated with the underwriters?