Will mortgage application go back to underwriters after valuation?

Alex_88

Last week my partner and I applied for a mortgage with Lloyds, our application was referred to the underwriters because of a Notice of Correction on my partner’s credit report (due to a linked address that’s in dispute). On Friday my mortgage advisor called and said the underwriters have said it’s ok and we can now go ahead with the valuation. I was so relieved to hear that the underwriters had said its ok I forgot to ask her whether it will go back to underwriters again after valuation, she’s now on holiday this week so I can’t ask her.

So, does anyone know whether our application is likely to go back to the underwriters again after valuation for final approval?

Contemptuous

It will go back to the Underwriters for a final sign off before the mortgage offer is produced, yes.

Keekles

If underwriters have declared it's "OK" I would imagine you have a Mortgage Offer subject to valuation..?

If so, provided the valuation isn't adverse, you shouldn't really have a problem. Very unusual on acceptable valuation that anything would change their decision.

Best of luck

Alex_88

Thanks for your input - all this mortgage business is stressful!

Lloyds_Bank

Alex_88 wrote: »

Last week my partner and I applied for a mortgage with Lloyds, our application was referred to the underwriters because of a Notice of Correction on my partner’s credit report (due to a linked address that’s in dispute). On Friday my mortgage advisor called and said the underwriters have said it’s ok and we can now go ahead with the valuation. I was so relieved to hear that the underwriters had said its ok I forgot to ask her whether it will go back to underwriters again after valuation, she’s now on holiday this week so I can’t ask her.

So, does anyone know whether our application is likely to go back to the underwriters again after valuation for final approval?

Hi Alex_88. I'd recommend giving our Mortgages team a ring on 0800 00 99 33 (option 4, then 1). One of my colleagues there will be happy to check on your application and provide an update.

Thanks,

Craig