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What are “final checks” on mortgage application?

Hi,

I was just wondering what the final checks are of a mortgage application? Our broker says that all our documents have been signed off by the underwriter and application has now been sent for final checks? 

Thanks 😊 

Comments

  • K_S
    K_S Posts: 6,907 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 13 April 2022 at 5:46PM
    @jojodam27 Very generally speaking, it just refers to final internal lender processes before the mortgage offer is issued. Tbh I don't really know what exactly it involves (each lender will have their own processes) but in the vast majority of cases it just goes on to offer without any further queries.

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

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