Possibilities of last minute audit / checks?

melj16

I received mortgage offer around 4 weeks ago. I'm due to complete next week. What are the chances of a last minute audit or additional employment checks at this stage? Lender is Halifax.

Thank you

Carrot007

100% (more characters).

melj16

Carrot007 wrote: »

100% (more characters).

100% chance? .... So they always do last minute checks before completion?

reapz69

Depends on what you mean by checks? If you mean someone dot the i's and cross the t's then, yes. But, full background checks I doubt it

melj16

I just mean is there a chance of them wanting to go through everything again and me to provide more documents, employment contract etc between exchange and completion. Do they do their employment checks before issuing the mortgage offer?

reapz69

melj16 wrote: »

I just mean is there a chance of them wanting to go through everything again and me to provide more documents, employment contract etc between exchange and completion. Do they do their employment checks before issuing the mortgage offer?

Just chill all that stuff would of been done pre offer, some will get bumped for final audit, I guess

melj16

Do you know what final audit entails?

bertiewhite

OP, I've got to ask - why are you worried? Are you planning to take any further finance out or are your circumstances changing?

melj16

I'm on a FT contract until August 2020 which I told them about in my application.....i expected them to do an employment check but they were happy with my payslips and verified my income pretty quickly. I think they are more lenient with my profession as I will always have work. I was wondering if they would do an employment check before completion.... I just know how slow HR are at my workplace and I really don't want anything holding the completion up.

Sheep

Your offer has also been sent to your solicitors which has allowed you to exchange contracts which is now legally binding.

Can you imagine the implications of allowing you to do that and then changing their mind and do further checks afterwards?

Isnt going to happen. Relax. You are fine.

Thrugelmir

melj16 wrote: »

What are the chances of a last minute audit

Internal checks could be as high as 1:10. Compliance with policy and criteria will be key. There's no reason for you to know that one has even taken place.