Re Mortgage application gone to underwriter - is this bad?

AndrewSmith

foreversummer wrote:

Surely though the eligibility issues and income checks are done prior to valuation? I've always thought that once they instruct the surveyor to do a valuation you know they are prepared to lend you the money, subject to valuation of course.

I know for a fact that my recently mortgage went to the underwriters before valuation.

Everything was fine by the way.

Foreversummer

In somecases yes, however the case will still be sent to an underwriter following the valuation for final assesment to check any conditions or adverse information in the valuation.

ronnie_2

Most of the main lenders will not fully underwrite your application until they get that valuation in there hands, basically if you dont get a "offer letter" then your mortgage is not approved till then.

Ive dealt with complaints from people who have been told there mortgage is a "done deal" etc, only for when its been underwritten for something to crop up