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Halifax Mortgage - Porting
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[Deleted User]
Posts: 0 Newbie
Hi all,
I'm removing my ex partners name from the mortgage, basically keeping the same mortgage product (porting) over to a new mortgage on my own.
The mortgage has help to buy, I've had a valuation done and it came back the same as what I told them..
The mortgage app team said it has gone to the underwriters due to being above 90% LTV (guessing they base it without the help to buy so I'd be sitting at roughly 92.5% LTV.)
This is currently how long it has taken, wonder what others timescales look like?
1. App submitted and soft credit search - 12/02
2. Desktop valuation carried out - 16/02
3. Valuation report received by Halfiax - 17/02
4. Application with underwriters - 18/02
The underwriters I've been told off my mortgage advisor said that it's nothing to worry about as I have the 85%-95% LTV product already and the underwriters just have to sign it off due to COVID. Obviously it makes me a little concerned though!
I'm removing my ex partners name from the mortgage, basically keeping the same mortgage product (porting) over to a new mortgage on my own.
The mortgage has help to buy, I've had a valuation done and it came back the same as what I told them..
The mortgage app team said it has gone to the underwriters due to being above 90% LTV (guessing they base it without the help to buy so I'd be sitting at roughly 92.5% LTV.)
This is currently how long it has taken, wonder what others timescales look like?
1. App submitted and soft credit search - 12/02
2. Desktop valuation carried out - 16/02
3. Valuation report received by Halfiax - 17/02
4. Application with underwriters - 18/02
The underwriters I've been told off my mortgage advisor said that it's nothing to worry about as I have the 85%-95% LTV product already and the underwriters just have to sign it off due to COVID. Obviously it makes me a little concerned though!
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