Halifax Mortgage application (awaiting decision)

AnxiousTeri

Thought I would come back to share incase it helps anyone else that stumbles across this post 😊
We received our mortgage offer on Friday - we are over the moon 🏡🎉🍾. As stated above I had a default from 2017 that was satisfied in July 2020 showing on my credit file (no other issues) so I was feeling rather anxious that it wasn’t going to work out but here we are 😆. Our timeline is below -  

19th January- dip received and full application submitted. Hard check and valuation fee taken.
26th January- MA advised a delay with the valuation, he chased up Halifax and it was booked in for 4th Feb
4th Feb- valuation completed 
5th Feb - official offer issued 😊

Good luck to anyone else waiting on their application with Halifax 🤞🏻

mjane93

We submitted our full application last Friday via Halifax mortgage advisor and have our valuation booked for today. I am assuming it’s in person as was coordinated through the EA. 

Oh so nervous I think I’ve just about chewed all my nails off. 

tommyt-saver

Mortgage application gone in today! Fingers crossed for the next stages

deltrotter

Hi all

I had my Halifax arranged valuation done on a Thursday and received word from Halifax the following Tuesday that the mortgage offer had been approved.

I went direct to Halifax. Only documentation I had to send was a payslip.

Cheers

Del

tommyt-saver

deltrotter said:

Hi all

I had my Halifax arranged valuation done on a Thursday and received word from Halifax the following Tuesday that the mortgage offer had been approved.

I went direct to Halifax. Only documentation I had to send was a payslip.

Cheers

Del

Congrats Del! 

mjane93

deltrotter said:

Hi all

I had my Halifax arranged valuation done on a Thursday and received word from Halifax the following Tuesday that the mortgage offer had been approved.

I went direct to Halifax. Only documentation I had to send was a payslip.

Cheers

Del

Congrats! How were you notified that your mortgage offer had been approved?
We had our valuation yesterday and can see that it came in exactly at what we offered so now just waiting 

mjane93

Just been notified that our 90% LTV mortgage offer has gone through! 

Cannot believe how quickly the process has been. Me and hubs only had to provide our most recent payslip. Really surprised that I didn’t have to provide more information as I am on a spouse visa with limited leave to remain. Was told that as long as I had been in the country for 5+ years all would be fine as long as I could provide a bank statement ect. However my credit score dates back to 2016 which was sufficient. 

29/4 - DIP
30/4 - Full application submitted over video call via Halifax MA
4/5 - Valuation booked for the 6th
5/5 - Quick identity check via video call for OH as he was an absent applicant 
6/5 - Valuation complete 
7/5 - Mortgage offer (letter should arrive in post early next week!)

tommyt-saver

mjane93 said:

Just been notified that our 90% LTV mortgage offer has gone through! 

Cannot believe how quickly the process has been. Me and hubs only had to provide our most recent payslip. Really surprised that I didn’t have to provide more information as I am on a spouse visa with limited leave to remain. Was told that as long as I had been in the country for 5+ years all would be fine as long as I could provide a bank statement ect. However my credit score dates back to 2016 which was sufficient. 

29/4 - DIP
30/4 - Full application submitted over video call via Halifax MA
4/5 - Valuation booked for the 6th
5/5 - Quick identity check via video call for OH as he was an absent applicant 
6/5 - Valuation complete 
7/5 - Mortgage offer (letter should arrive in post early next week!)

Wow, rapid yeah. Great to hear so thanks for sharing. + Congrats! 

mjane93

@tommyt-saver thank you! Halifax seem to be moving rather quickly. Fingers crossed for you. Let us know how you get on 😀

TheLastMinute

Congrats @deltrotter &  @mjane93. 

Not quite as quick for us thus far, but still not too bad.

Applied direct for a 95% LTV mortgage on 26/4 and were asked to provide 3 payslips for myself plus my partners signed employment contract (she hasn't had a payslip in her new job yet). However, my employers name wasn't on the payslip so they asked for bank statements to see the credit going in presumability so they could confirm the employers name. After that was looked at, they noticed that the middle initial on the payslip didn't match so asked for a letter from my employer stating my full name and why they had it was wrong.

After submitting all that, I got a call last Wednesday afternoon saying the income was now all verified and they were booking in the valuation. I'm slightly concerned that the tracker is still saying the valuation needs to be booked, but hopefully that will update. Did other people notice if the tracker updated after the valuation was booked to show the date or did it jump straight to the valuation outcome?

So in reality it took 6 business days to get through income verification, and that's with a couple of queries as well. It's taking Halifax about 1.5 days to look at paperwork sent through the portal, so not too bad I think considering how some other providers are performing. 

23/4 - AIP
24/4 - Call with Halifax MA to go through application. Mortgage illustration emailed.
26/4 - 2nd call with MA to proceed with application (MA said had to wait 48 hours after illustration issued apparently)
5/5 - Call to confirm income verified and proceed with valuation.