M&S loan gone to underwriters

Jolouis

I applied for an m&s loan yesterday got an email saying it's gone to the underwriters and should hear back in 3 to 5 working days. Has this happened to anyone esle and did you get accepted for the loan. Thanks for any advice.

BoGoF

Probably many have gone to underwriters. Some will have got the loan, others wont.

Bermonia

OP in answer to your question YES... and of course NO, I trust this helps

Jolouis

Just this is the first time it's happened and wasnt sure about it and how it works.

sourcrates

It means they need to carry out further checks before a decision will be made.
What that decision will be is anyone’s guess.

DCFC79

Jolouis wrote: »

I applied for an m&s loan yesterday got an email saying it's gone to the underwriters and should hear back in 3 to 5 working days. Has this happened to anyone esle and did you get accepted for the loan. Thanks for any advice.

Irrelevant as each individual applicants case will be different.


Be patient.


Not everyone gets the headline rate.

foxy-stoat

Jolouis wrote: »

I applied for an m&s loan yesterday got an email saying it's gone to the underwriters and should hear back in 3 to 5 working days. Has this happened to anyone esle and did you get accepted for the loan. Thanks for any advice.

Advice is to wait for 3-5 days.

Jolouis

Thank you all for the advice.

Jolouis

I got the loan apr was 10.6