Halifax Mortgage – Questions & Answers

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Asked by escared on 26th June 2016 Report this content
Mortgage rates seem high and don't know if to go for a two or a five year fixed rate. Could anyone advise?

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Asked by Xenanetty on 24th April 2015 Report this content
I have an AIP from Halifax for a mortgage. I have a 25% saved deposit. I have today made the full application and they found 2 items on my credit report first one is 4 late payments with t-mobile that go back to 2008 but t mobile updated my report in 2010 therefore it shows up, and 3 late payments from last year for Very catalogue these were due to there statement dates changing month to month so due dates for payments varied hence it may be one or two days late! This soon went on to DD once I realised I had late payments on my account. What do you think the chances are of being approved they haven't declined just wanted to know why they were paid late . I am borrowing £315,000 with a £105,000 deposit if this helps. Thank you

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Answers (1)
Report this content learnerdriver Written on: 29/04/2015
Just put it nicely in writing explaining how it happened and you've learned from this, so won't happen again. Highlight that u have no debts and ODs now. They asked me to explain a late payment from some 5 years ago, so it seems like routine Qs. Hope it helps, the main thing is to be honest and explain well.
Asked by Radix on 23rd February 2015 Report this content
Please put my mind at ease, I've had a mortgage promise from Halifax even though I advised them of several late payments on credit cards this year, no arrears, ccjs or default, this was due to an elderly parents ill health and helping to pay medical bills, (they live abroad) as their UK pension hadn't come through. Is it likely I would still get a mortgage offer? I shall be putting down a deposit of £300,000 and only looking to borrow between £100,000-£110,000. My current mortgage is with Halifax and all payments made on time.

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Report this content learnerdriver Written on: 24/02/2015
you're putting down a hefty deposit and provided you submit a written explanation of your late payments, you should be fine, especially you've already got a mortgage promise and already have a mortgage with them. If you paid it on time, I don't see anything like a couple of late payments on credit cards be much of a problem
Asked by Kouser103 on 25th August 2014 Report this content
Six months ago we got a Halifax mortgage. We are thinking of getting second mortgage. Can we let out our first property? If not,  then how long do we need to wait to let out our property?

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Report this content Sickov_Anti-service Written on: 27/08/2014
Technically yes. However this is up to the lender. You should write to them first, explaining why you want to do this (wanting to make more money is NOT a reason). They also may change the first mortgage to a 'buy to let' - this could incur fees.
Asked by carian3393 on 17th July 2014 Report this content
Hello everybody! Quite worried now about my Mortgage after looking at all of these reviews. My partner and I have just yesterday sent off our full application through a broker and Halifax have only asked for our 3 month pay slips which I think for a start is going to come back and bite us in the behind! We have 5% deposit some gift some savings. We are using help to buy Wales meaning they give the additional 20% to make it a 75% LTV. We both have good credit scores, no defaults but previously used payday loans a few times for emergencies (but read that Halifax are normally okay with this) I need to know how bad they really are? We have an estimated exchange date by the building company of the 1st of August do you think it will be done by then? It is the house of our dreams and would be devastated if we lost it because of their inability to keep within time frames! Thanks to anyone who responds!

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Report this content Adele92 Written on: 18/07/2014
Hello there, Only someone who works at Halifax would be able to comment on how quick they will be able to process it. They did ask for a few things from us - but from application to offer was about 4 weeks. They asked for 3 payslips from us both and 6 MONTHS worth of bank statements from me?! I think its because my credit score was just ok - not brilliant. My partner had took out one pay day loan before which I wasnt happy about 2 years before but they didnt query it. However Halifax did turn round and ask for a Gifted Deposit Letter so they know that the funds were gifted. Tbh Halifax messed us around - they issued the offer and sent it out - then withdrew the offer - despite us already instructing solicitors and paying surveying fee's etc. Luckily our broker was on the case and they could not explain why they had withdrew the offer so had to re-issue a new one. Near the end my solicitors were waiting on a hard copy of the mortgage offer. Good luck!
Asked by Ellisjack on 10th April 2014 Report this content
Does Halifax do 6 month decision in principle?

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Report this content pinkprincess693 Written on: 11/04/2014
Yes, mine from 2012 was a 6 month DIP luckily as it took 5 months to all go through.
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