Underwriting

Bailey9419

Hi,

my mortgage application has been submitted (last week) and is currently in the underwriting process, the mortgage lender has taken the fees for a survey, is this a good sign or merely a formality?

Kind Regards,

Ryan

Mrsemmawright2010

I think it means you have passed the soft checks but most lenders do the hard checks once the survey has been completed. I think it also varies with each lender but i would take it as a positive step.  Good luck.

iampetesmith

Waiting for the underwriting to be done was the worst for us. It seemed to take so long and they finally rejected the application because a bit of my wife's paperwork still had her parents address on it. That was when I applied direct with the lender though, after that I went through a broker who found a lender that would be most likely to approve the application for us.

Filled all the application in with them and let them deal with it all, it still took a while but finally got it approved while the solicitors were all still doing their wrangling. Just remember if it does get rejected, you should still have time to apply for another one without losing the house you want.

[Deleted User]

It is neither good or bad. 
You need to Mortgage valuation done AND the underwriting of your documents to get a Mortgage offer. You can't have just one. As the post above says, the scrutinising of your documents is often the most stressful parts of the process, lenders will literally comb through your documents with a fine tooth comb and ask the most dumb and silly questions. 

Good luck!