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Confused
74hotspur
Posts: 35 Forumite
Hi, ftb a little confused with conflicting information.
A full application went into halifax last week and my broker informed me that the case would go to underwriter then valuation then back to business case worker and finally all being well an offer would be made.
I since rang halifax to get an update, was informed that all they are waiting for is a payslip, then if this matched up with what was declared at application then valuation would be instructed.
I mentioned underwriter and the lady on the phone said that the app doesn't need an underwriter and would not be seen by one.
Does anyone understand this? I'm a little confused with the conflicting info.
A full application went into halifax last week and my broker informed me that the case would go to underwriter then valuation then back to business case worker and finally all being well an offer would be made.
I since rang halifax to get an update, was informed that all they are waiting for is a payslip, then if this matched up with what was declared at application then valuation would be instructed.
I mentioned underwriter and the lady on the phone said that the app doesn't need an underwriter and would not be seen by one.
Does anyone understand this? I'm a little confused with the conflicting info.
0
Comments
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My understanding is that all applications are checked by an underwriter before a final offer is made. Perhaps she misunderstood and thought you meant at the present time? Because the underwriter would do it after all paperwork and valuation are completed.0
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Let your broker handle it. Don't call lender yourself. That way lies problems.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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