Hi,
I have an offer in principle from Halifax and have made an offer on a house. It was difficult to get the mortgage because of financial associations and we went (via broker) to 3 different lenders before being accepted at LTV 15%
The estate agent have now said they need to have our offer validated. I thought this would just mean sending them a copy of the AIP which I've done, but have now had a call from the estate agents mortgage advisors APH who want all my salary, credit card and loan details so that they can assess affordability before they will put the offer forward to the vendor.
Why do they need to do this if we have our AIP?? I'm really worried that any further credit checking will damage my score further but if I don't let them do it then we won't get the house. And if their affordability criteria is different to Halifax's we may not pass it anyway?
Could anyone advise me to why they need to do this?
I have an offer in principle from Halifax and have made an offer on a house. It was difficult to get the mortgage because of financial associations and we went (via broker) to 3 different lenders before being accepted at LTV 15%
The estate agent have now said they need to have our offer validated. I thought this would just mean sending them a copy of the AIP which I've done, but have now had a call from the estate agents mortgage advisors APH who want all my salary, credit card and loan details so that they can assess affordability before they will put the offer forward to the vendor.
Why do they need to do this if we have our AIP?? I'm really worried that any further credit checking will damage my score further but if I don't let them do it then we won't get the house. And if their affordability criteria is different to Halifax's we may not pass it anyway?
Could anyone advise me to why they need to do this?