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HSBC mortgage referred to underwriters
TXC
Posts: 265 Forumite
Hi all
FTB here; just had my mortgage interview with HSBC (who i bank with) and the application has been referred to underwriters so I'm a wee bit stressed out! My hsbc MA said it is nothing to worry about and completely normal, and in his view having done the job for X amount of years he was 90% sure I would be absolutely fine. I just wanted to get other people's experiences with being referred to underwriters
I had a mortgage approved with HSBC in the past and it didn't go to underwriters (unfortunately house was not structurally sound so didnt progress) - this mortgage is for around 20% more though cash wise so I'm assuming thats why it was flagged
Can anyone shed any light on this process for me and if I should be worried?
FTB here; just had my mortgage interview with HSBC (who i bank with) and the application has been referred to underwriters so I'm a wee bit stressed out! My hsbc MA said it is nothing to worry about and completely normal, and in his view having done the job for X amount of years he was 90% sure I would be absolutely fine. I just wanted to get other people's experiences with being referred to underwriters
I had a mortgage approved with HSBC in the past and it didn't go to underwriters (unfortunately house was not structurally sound so didnt progress) - this mortgage is for around 20% more though cash wise so I'm assuming thats why it was flagged
Can anyone shed any light on this process for me and if I should be worried?
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Comments
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I put my application in on the 28th and it went to the Underwriters and still waiting for a reply. On my last chase the turnaround is apparently over two weeks at the Underwriting stage presently so you might be in for a bit of a wait.
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Oh dear! My advisor advised 24 - 48hrs ! thanks for the heads upjst1986 said:I put my application in on the 28th and it went to the Underwriters and still waiting for a reply. On my last chase the turnaround is apparently over two weeks at the Underwriting stage presently so you might be in for a bit of a wait.0 -
Underwriting is nothing to be concerned about, just be ready if they ask for an extra document or two.0
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Nothing to worry about it's normal as they need to be thorough about your financial background.0
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MA just called - all approved by the underwriters! Now just have to hope that the valuation comes in ok!0
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not to be a smarty pants, but every mortgage (every financial product, in fact) goes to underwriting...
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