First Time Buyer Worries!

SusieWoozy_2

Once the mortgage is in place I'm going to be able to sleep at night I think, I know the searches the solicitors will do will all come back fine and the deposit is good to go! fingers crossed the fact the valuation has been done means they are happy with what they found on our credit checks they did last week and Monday and our payslips.

I'm so sorry to hear about your audit problem, I really hope it doesn't take too long to resolve and if your IFA is like ours (an absolute legend) I'm sure there is nothing at all to worry about

kingstreet

r83 wrote: »

Good luck SusieWoozy !! Kingstreet, does above email from broker make any sense to you?? x

Yes. It appears to confirm your case has been pulled for audit. Although the number of cases suggested is wildly inaccurate. It's around 1 in 12 which is actually checked.

r83_2

Wow, didn't see that coming. So after all I am special !!!

I was reading one of your old posts where you mentioned about PASS with A B or C when broker makes application. In either case, any fast tracked application with PASS A becomes slow train (is this still the case?) I truly hope not. Have you had any exp dealing with an immigrant in the uk with just over 7 months left on visa (though I have been in the UK for past 9 years and Mrs for 5 years) getting success? Thats where we are and I think that is very solid reason why its been pulled for Audit, well at least I think that

kingstreet wrote: »

Yes. It appears to confirm your case has been pulled for audit. Although the number of cases suggested is wildly inaccurate. It's around 1 in 12 which is actually checked.

r83_2

Thanks!! Yap, I need all those wishes my way at the moment lol. Yeh, Solicitors searches are usually not that bad and long as you ain't been bankrupt and all that, it should be fine. Good luck, may tonight be the night when you can sleep peacefully knowing you have the mortgage offer

SusieWoozy wrote: »

Once the mortgage is in place I'm going to be able to sleep at night I think, I know the searches the solicitors will do will all come back fine and the deposit is good to go! fingers crossed the fact the valuation has been done means they are happy with what they found on our credit checks they did last week and Monday and our payslips.

I'm so sorry to hear about your audit problem, I really hope it doesn't take too long to resolve and if your IFA is like ours (an absolute legend) I'm sure there is nothing at all to worry about

kingstreet

The audit process pulls cases at random. Any sticky-outy bits in your application should have been dealt with at the underwriting stage. Audit is a simple checking process where they are looking for discrepancies between what's on the application and what the supporting documentation says. Being a non-EU national shouldn't make you any more likely to have your case audited.

Fast-track cases pulled for audit effectively go through the same process as non Fast-track because the documentation which would have been requested early in the process is simply requested later on.

TBH - if fast-track was removed the audit process wouldn't be needed. It's only there to check on cases to keep everyone honest about what they put on the application. As brokers get proof of income in every case and are ready to send it if it's called for at audit, I'd certainly welcome the end of fast-track.

r83_2

I think reading below puts me at lot of ease. Because with our case, there are no manufactured documents and all are 100% verifiable. Thanks a ton mate, appreciate all your advices and comments. :T

kingstreet wrote: »

The audit process pulls cases at random. Any sticky-outy bits in your application should have been dealt with at the underwriting stage. Audit is a simple checking process where they are looking for discrepancies between what's on the application and what the supporting documentation says. Being a non-EU national shouldn't make you any more likely to have your case audited.

Fast-track cases pulled for audit effectively go through the same process as non Fast-track because the documentation which would have been requested early in the process is simply requested later on.
.

r83_2

@ Kingstreet - Just spoke with broker. I have been told that Auditor at headoffice have agreed to it and have asked for no further documentation etc and its now been send back to Underwriters for final paperwork who are at present on 24hr turn around. Does this sound like by this time tomorrow I will have the offfer??

PS - Dont hate me !!!

SusieWoozy_2

r83 wrote: »

Thanks!! Yap, I need all those wishes my way at the moment lol. Yeh, Solicitors searches are usually not that bad and long as you ain't been bankrupt and all that, it should be fine. Good luck, may tonight be the night when you can sleep peacefully knowing you have the mortgage offer

Sleep easy? just when we thought we were on the home straight we had a call from our IFA this afternoon saying Halifax have run a further credit check and have an issue with one of our linked addresses!?? this apparently was picked up on a search they did today but didn't show up on the ones they did earlier in the process! That's all we know :-( we now have to wait til tomorrow at the very least to find out what it is, who's linked address is and why etc etc

STRESS!!!!!

r83_2

Oh Dear !!! Sorry to have hear that. I think patience is the virtue for FTBs. If its meant to be it will come, god forbid but if doesnt, it won't no matter what we do and how many posts we post on the forums god bless xx

SusieWoozy wrote: »

Sleep easy? just when we thought we were on the home straight we had a call from our IFA this afternoon saying Halifax have run a further credit check and have an issue with one of our linked addresses!?? this apparently was picked up on a search they did today but didn't show up on the ones they did earlier in the process! That's all we know :-( we now have to wait til tomorrow at the very least to find out what it is, who's linked address is and why etc etc

STRESS!!!!!

kingstreet

r83 wrote: »

@ Kingstreet - Just spoke with broker. I have been told that Auditor at headoffice have agreed to it and have asked for no further documentation etc and its now been send back to Underwriters for final paperwork who are at present on 24hr turn around. Does this sound like by this time tomorrow I will have the offfer??

PS - Dont hate me !!!

The offer will probably be mailed to you in a day or two. Your broker will get an emailed copy as soon as it's produced, so today or tomorrow for the electronic copy and a bit longer for the paper copy.