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Buying a house
mair1
Posts: 35 Forumite
What does an underwriter do in the process?
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Comments
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Underwriter? They organise insurance. Who told you to get one for a house purchase?0
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Mortgages are also subject to "underwriting" Pal. If it is the mortgage you're talking about the underwriting process is a risk assessment by the lender to see if they think on the basis of your past credit and employment history and current earnings they should lend you the money.0
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basically we are under th impression that everything is going through fine with our mortgage application - Had AIP, found house, offer accepted, completed full application and sent in all paperwork they required. Valuation has been carried out and we are just arranging buildings insurance. Were told that underwriter was in building society office this week so should get formal mortgage offer this week but just wondered if this underwriter was anything we should be worrying about0
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hes the guy who says yes or no to your mortgage. so in the property world hes godYou're not drunk if you can lie on the floor without holding on0
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