Random Audit Nationwide

Firsttimer19999

Hi I am new to this forum trying to understanding what is going to my mortgage application.
DIP on 09/01/2024
Full mortgage application Nationwide on 21/01/2024
 3 months salary slips
3 months statements
Proof of address and ID
Proof of wage increase
I was asked to submit January bank statement and wage slip on 09/02/2024. Provided on 11/02/2024.
Called broker on 15/02/2024 for update. He had dreadful news. He told that application has been randomly chosen for audit and has been transfered to head office.
What are the chances of success/decline and how long it might take to hear from them?

amnblog

All Lenders do this randomly. Your case has not been singled out and this does not make your Offer any less likely.

It will typically add 3 to 5 days to the application timescale.

kirsty2188

@Firsttimer19999 hey! 

How did you get on? I received my mortgage offer middle of Jan . Due to complete next week and have been asked to submit bank statements from Jan as being audited . Now also severely stressed by this 😢

dunstonh

What are the chances of success/decline and how long it might take to hear from them?

An audit just checks the the file is correct and the data provided has been assessed correctly.  i.e. making sure that the in-house staff and broker have done their job correctly.

It isn't a reason for the lending decision.  Only if incorrect information is found or someone hasn't done something they should have could there be problems.   Statistically, most are fine and correct and result in no change.