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What LTV % triggers manual underwriting?

AlexanderFM1993 · 2022-06-07 16:41:21

As it says, generally speaking, what percentage does one need to borrow to trigger a manual underwriting? I see that many mortgages don't go through manual underwriting and that they are automatically approved in many cases. Also, does amount being borrowed matter? (even if a large % is covered by deposit)? Thanks!

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ACG Posts: 24,535 Forumite

8 June 2022 at 6:03PM

You said one of you became employed at a company you co-founded.
If you were an owner of a business and then became employed not long before making an application - that is unusual. So it gets looked into more.

If you had remained as an owner, you would have just provided 2 years self assessments (or possibly accountants reference with clydesdale?) and it would have probably gone through fine.

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.
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