Halifax Mortgage- bad credit?

kingstreet

The credit check is done at the point the application is submitted. The valuation fee can't be paid without an "accept" decision being given first.

Almanchester

kingstreet said:

The credit check is done at the point the application is submitted. The valuation fee can't be paid without an "accept" decision being given first.

They took the valuation fee before we submitted the full application? It was a £200 fee..

kingstreet

Not possible.

Submit application > get accept screen > get fee screen > pay fee > application accepted again > valuation and docs requirements triggered.

Almanchester

Our mortgage broker has done our application so whether he went through that process I don't know. We were advised that he was submitting the application and required a £200 fee. 

From looking at your reply, it seems we are at the last stage as they have contacted the developer to arrange valuation andhave asked my partner for 1 additional employer document. What happens after this stage?

kingstreet

Once the valuation report is back and the income evidence has been signed-off, the formal offer is issued to you and your solicitor.

Did your broker explain anything about this process?

kingstreet

Here is the simple email issued to all our applicants once the application has been submitted;-

"Hi, 

Your application has now been submitted to Halifax, supporting documents uploaded and valuation instruction issued.

A surveyor will be appointed and will contact Barratt to arrange a valuation inspection. On returning the valuation report to Halifax we would expect the formal mortgage offer to be issued to you and your solicitor soon after.

We would anticipate moving from application to offer in two weeks or perhaps less but this will be subject to the surveyor’s schedule.

Many thanks."

Almanchester

kingstreet said:

Once the valuation report is back and the income evidence has been signed-off, the formal offer is issued to you and your solicitor.

Did your broker explain anything about this process?

Thank you for coming back to me.

Ok so once the valuation has been completed, we will then find out if we have an offer? They explained a little bit, not in too much detail.. I appreciate you taking the time to respond to my many questions.

kingstreet

Usually we upload the supporting docs a few minutes after the submission for sign-off and the application is then "subject to valuation" which means it will go to offer as soon as the valuation arrives and is acceptable.

If the application has to be referred to a business assessor, each step is signed-off by a human being before the application moves on but I suspect there is no referral in your case as it appears to have moved straight to valuation instruction once it was submitted.

Almanchester

So far the below has happened:
1: We recieved the AIP
2: We submitted our full application
3: Our broker recieved an email from Halifax stating that an employee letter was needed, and been told that they have contacted our developer to arrange the valuation. 

I feel like were very much in the dark. Our broker is not through halifax, it is an independant broker. 

Almanchester

kingstreet said:

Usually we upload the supporting docs a few minutes after the submission for sign-off and the application is then "subject to valuation" which means it will go to offer as soon as the valuation arrives and is acceptable.

If the application has to be referred to a business assessor, each step is signed-off by a human being before the application moves on but I suspect there is no referral in your case as it appears to have moved straight to valuation instruction once it was submitted.

So far the below has happened:
1: We recieved the AIP
2: We submitted our full application
3: Our broker recieved an email from Halifax stating that an employee letter was needed, and been told that they have contacted our developer to arrange the valuation. 

I feel like were very much in the dark. Our broker is not through halifax, it is an independant broker.