My offer has been accepted. What are my chances now?

somethingcorporate

Fingers crossed then!

Landofwood

heytoki wrote: »

i have passed the initial check and got the AIP for the new amount i need to borrow.

It has been with Natwest as they are happy to consider 100% of my bonus.

All the documents required from me have been sent now.....

Natwest was a good shout by your broker.

lizards

Agreed. A third of our household income is unconventional (bonuses, shares, overtime etc) and NatWest were fine with it at 100% of the value. Thank goodness!!

Have a look on the NatWest timescales thread to give you an idea of how long things are likely to take now. Frustratingly they've a bit of a backlog right now it seems so they're taking a little longer than usual.

heytoki

Hi have received this from my broker:

"Your application got pulled for an audit, whichthey do for 10% of cases. You passed the audit check and your case has goneback in the queue for an underwriter to assess. They now expect a decision inthe early part of next week"

Is that good? Bad? or the audit has caused just a delay in the process?

stator

Sounds like just a delay

heytoki

Shall i consider as positive that i passed the audit check? or, is it just irrelevant?

Landofwood

heytoki wrote: »

Shall i consider as positive that i passed the audit check? or, is it just irrelevant?

In what world could it be negative or irrelevant to pass an audit check?

stator

I vote for irrelevant. Since it was done pre-underwriting I suspect they were just checking for fraud etc

heytoki

Landofwood wrote: »

In what world could it be negative or irrelevant to pass an audit check?

i dont know, thats why i was asking

heytoki

stator wrote: »

I vote for irrelevant. Since it was done pre-underwriting I suspect they were just checking for fraud etc

Thanks Stator,

Natwest has assessed my application and is happy to proceed. They have instructed the valuation which will be done tomorrow

Whats the next process?