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random audit

jonathon
Posts: 755 Forumite


I received an email from my broker on Wednesday saying
I'm pleased to confirm that your application was sumitted to the abby yesterday (Tuesday) and has been approved and the valuation instructed.
16.30 Friday I had a call to say my application had been selected for a random audit should I be worried ?
I'm pleased to confirm that your application was sumitted to the abby yesterday (Tuesday) and has been approved and the valuation instructed.
16.30 Friday I had a call to say my application had been selected for a random audit should I be worried ?
0
Comments
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It happens.
Last case of mine to be audited was with Natwest - Im not sure it even held things up in the slightest.
Its just them checking their systems and procedures are working as they should be.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, 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 -
as long as you have been honest, be fineDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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16.30 Friday I had a call to say my application had been selected for a random audit should I be worried ?
There's the clue. Internal checking is performed for various reasons and it's not all about you either.
If you've been honest and truthful throughout the process then there's little to concern yourself with.0 -
It is standard Practice with a number of lenders and not about you.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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