Halifax Mortgage - Timescale PLEASE!

rdchick

Tomorrow is today Trakky! Hopefully by Monday you'll have an answer!! 

Sootster have you heard anything yet?

trakky14

rdchick said:

Tomorrow is today Trakky! Hopefully by Monday you'll have an answer!! 

Sootster have you heard anything yet?

I hope so, last place we tried to buy was undervalued by 20k so I'm hoping this doesn't happen again, very stressful!

Have you heard about yours?

Kitkat8967

Hi everyone,

My mortgage broker sent the following update from Halifax:

The case requires a review by our Credit Decisioning team

        • Valuation will be instructed the case is agreed by the Halifax Underwriting team. If we are unable to instruct the valuation then we will issue an update email to advise.

Has anyone else received this message before? Does anyone know how long the credit decisioning team takes?

Sorry, I’m a first first buyer and was previously declined by Nationwide so I’m over here stressing!

Sootster2021

rdchick said:

Tomorrow is today Trakky! Hopefully by Monday you'll have an answer!! 

Sootster have you heard anything yet?

We had an update that the valuation and survey has been delayed, not sure why but it's now booked for Monday 27th.  Mortgage advisor says we will probably hear back a week later so got to continue with the waiting game here!! 

Have you heard anything?? 

trakky14

Kitkat8967 said:

Hi everyone,

My mortgage broker sent the following update from Halifax:

The case requires a review by our Credit Decisioning team

        • Valuation will be instructed the case is agreed by the Halifax Underwriting team. If we are unable to instruct the valuation then we will issue an update email to advise.

Has anyone else received this message before? Does anyone know how long the credit decisioning team takes?

Sorry, I’m a first first buyer and was previously declined by Nationwide so I’m over here stressing!

What did your broker say? That sentence doesn't actually make sense but i would read from that that they will instruct the survey IF the underwriters are happy, so that needs to happen first. Are you self employed? We had similar and the valuation wasn't instructed till the underwriters had been looking at our case (self employed need more checks I'm told). 

Kitkat8967

trakky14 said:

Kitkat8967 said:

Hi everyone,

My mortgage broker sent the following update from Halifax:

The case requires a review by our Credit Decisioning team

        • Valuation will be instructed the case is agreed by the Halifax Underwriting team. If we are unable to instruct the valuation then we will issue an update email to advise.

Has anyone else received this message before? Does anyone know how long the credit decisioning team takes?

Sorry, I’m a first first buyer and was previously declined by Nationwide so I’m over here stressing!

What did your broker say? That sentence doesn't actually make sense but i would read from that that they will instruct the survey IF the underwriters are happy, so that needs to happen first. Are you self employed? We had similar and the valuation wasn't instructed till the underwriters had been looking at our case (self employed need more checks I'm told). 

Hi,

Thank you for responding so quickly.

She said the following:

Just waiting for the credit descioning team to review it and if all ok valuation will be instructed.

No I’m employed and I’ve been with the company for at least a year and 6 months.

trakky14

Kitkat8967 said:

trakky14 said:

Kitkat8967 said:

Hi everyone,

My mortgage broker sent the following update from Halifax:

The case requires a review by our Credit Decisioning team

        • Valuation will be instructed the case is agreed by the Halifax Underwriting team. If we are unable to instruct the valuation then we will issue an update email to advise.

Has anyone else received this message before? Does anyone know how long the credit decisioning team takes?

Sorry, I’m a first first buyer and was previously declined by Nationwide so I’m over here stressing!

What did your broker say? That sentence doesn't actually make sense but i would read from that that they will instruct the survey IF the underwriters are happy, so that needs to happen first. Are you self employed? We had similar and the valuation wasn't instructed till the underwriters had been looking at our case (self employed need more checks I'm told). 

Hi,

Thank you for responding so quickly.

She said the following:

Just waiting for the credit descioning team to review it and if all ok valuation will be instructed.

No I’m employed and I’ve been with the company for at least a year and 6 months.

that right then, they will instruct a valuation if the credit team decide favourably, i think its fairly typical. Saves them paying someone to go out and do a valuation, they are saving themselves the bother until they know you are ok! I think that is what happened with us as our valuation was booked after the underwriters started looking at our documents...so hopefully if the valuation is going ahead that means you're likely to get approved (well subject to valuation).

rdchick

@Sootster2021 not yet!! The broker said that the valuation definitely was going ahead on Tuesday and they said they would hear back within 48 to 72 hours sooooo that's today or tomorrow hopefully!! 

Kitkat8967

trakky14 said:

Kitkat8967 said:

trakky14 said:

Kitkat8967 said:

Hi everyone,

My mortgage broker sent the following update from Halifax:

The case requires a review by our Credit Decisioning team

        • Valuation will be instructed the case is agreed by the Halifax Underwriting team. If we are unable to instruct the valuation then we will issue an update email to advise.

Has anyone else received this message before? Does anyone know how long the credit decisioning team takes?

Sorry, I’m a first first buyer and was previously declined by Nationwide so I’m over here stressing!

What did your broker say? That sentence doesn't actually make sense but i would read from that that they will instruct the survey IF the underwriters are happy, so that needs to happen first. Are you self employed? We had similar and the valuation wasn't instructed till the underwriters had been looking at our case (self employed need more checks I'm told). 

Hi,

Thank you for responding so quickly.

She said the following:

Just waiting for the credit descioning team to review it and if all ok valuation will be instructed.

No I’m employed and I’ve been with the company for at least a year and 6 months.

that right then, they will instruct a valuation if the credit team decide favourably, i think its fairly typical. Saves them paying someone to go out and do a valuation, they are saving themselves the bother until they know you are ok! I think that is what happened with us as our valuation was booked after the underwriters started looking at our documents...so hopefully if the valuation is going ahead that means you're likely to get approved (well subject to valuation).

Thank you, that has made me feel a little better.

trakky14

Kitkat8967 said:

trakky14 said:

Kitkat8967 said:

trakky14 said:

Kitkat8967 said:

Hi everyone,

My mortgage broker sent the following update from Halifax:

The case requires a review by our Credit Decisioning team

        • Valuation will be instructed the case is agreed by the Halifax Underwriting team. If we are unable to instruct the valuation then we will issue an update email to advise.

Has anyone else received this message before? Does anyone know how long the credit decisioning team takes?

Sorry, I’m a first first buyer and was previously declined by Nationwide so I’m over here stressing!

What did your broker say? That sentence doesn't actually make sense but i would read from that that they will instruct the survey IF the underwriters are happy, so that needs to happen first. Are you self employed? We had similar and the valuation wasn't instructed till the underwriters had been looking at our case (self employed need more checks I'm told). 

Hi,

Thank you for responding so quickly.

She said the following:

Just waiting for the credit descioning team to review it and if all ok valuation will be instructed.

No I’m employed and I’ve been with the company for at least a year and 6 months.

that right then, they will instruct a valuation if the credit team decide favourably, i think its fairly typical. Saves them paying someone to go out and do a valuation, they are saving themselves the bother until they know you are ok! I think that is what happened with us as our valuation was booked after the underwriters started looking at our documents...so hopefully if the valuation is going ahead that means you're likely to get approved (well subject to valuation).

Thank you, that has made me feel a little better.

I think some banks instruct the valuation immediately and others wait till they know if the mortgage is likely to be approved, I think halifax tend to wait reading other posts on here. Hopefully you will know soon, its an agonising wait!