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Halifax mortgage
Hayleyr247
Posts: 2 Newbie
Hiya
Waiting for a response from my Halifax mortgage application. Just wondering how the underwriting is done just from reading things online some people are saying its a computer that generates a yes or no but others saying its done by human underwriting? Doesn't really make a difference but I would feel less stressed if I knew it was a computer response as I have a good credit score . Now I know why people get stressed applying for mortgages lol
Thanks, hailz
Waiting for a response from my Halifax mortgage application. Just wondering how the underwriting is done just from reading things online some people are saying its a computer that generates a yes or no but others saying its done by human underwriting? Doesn't really make a difference but I would feel less stressed if I knew it was a computer response as I have a good credit score . Now I know why people get stressed applying for mortgages lol
Thanks, hailz
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Comments
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@hayleyr247 There's no one answer. It may start off as automated and then be referred for manual review. If your income is straightforward (eg: PAYE basic salary) it's less likely that it will go to manual underwriting. However if self-employed it's almost certain to be looked at manually. Where there's no manual review and a desktop valuation is instructed, the offer can come through super quick.
I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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Ok thank you!!0
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