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  • FIRST POST
    • Jolouis
    • By Jolouis 14th Jan 20, 10:45 AM
    • 7Posts
    • 1Thanks
    Jolouis
    M&S loan gone to underwriters
    • #1
    • 14th Jan 20, 10:45 AM
    M&S loan gone to underwriters 14th Jan 20 at 10:45 AM
    I applied for an m&s loan yesterday got an email saying it's gone to the underwriters and should hear back in 3 to 5 working days. Has this happened to anyone esle and did you get accepted for the loan. Thanks for any advice.
Page 1
    • BoGoF
    • By BoGoF 14th Jan 20, 10:47 AM
    • 5,932 Posts
    • 6,001 Thanks
    BoGoF
    • #2
    • 14th Jan 20, 10:47 AM
    • #2
    • 14th Jan 20, 10:47 AM
    Probably many have gone to underwriters. Some will have got the loan, others wont.
    • Bermonia
    • By Bermonia 14th Jan 20, 12:24 PM
    • 948 Posts
    • 868 Thanks
    Bermonia
    • #3
    • 14th Jan 20, 12:24 PM
    • #3
    • 14th Jan 20, 12:24 PM
    OP in answer to your question YES... and of course NO, I trust this helps
    • Jolouis
    • By Jolouis 14th Jan 20, 12:37 PM
    • 7 Posts
    • 1 Thanks
    Jolouis
    • #4
    • 14th Jan 20, 12:37 PM
    • #4
    • 14th Jan 20, 12:37 PM
    Just this is the first time it's happened and wasnt sure about it and how it works.
    • sourcrates
    • By sourcrates 14th Jan 20, 12:51 PM
    • 19,141 Posts
    • 18,068 Thanks
    sourcrates
    • #5
    • 14th Jan 20, 12:51 PM
    • #5
    • 14th Jan 20, 12:51 PM
    It means they need to carry out further checks before a decision will be made.
    What that decision will be is anyone’s guess.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File and Ratings, Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to:
    forumteam@moneysavingexpert.com.
    Any views expressed are mine and not the official line of MoneySavingExpert.com.
    For free debt advice, contact either : Stepchange, National Debtline, CitizensAdviceBureaux.
    • DCFC79
    • By DCFC79 14th Jan 20, 1:09 PM
    • 35,668 Posts
    • 22,511 Thanks
    DCFC79
    • #6
    • 14th Jan 20, 1:09 PM
    • #6
    • 14th Jan 20, 1:09 PM
    I applied for an m&s loan yesterday got an email saying it's gone to the underwriters and should hear back in 3 to 5 working days. Has this happened to anyone esle and did you get accepted for the loan. Thanks for any advice.
    Originally posted by Jolouis

    Irrelevant as each individual applicants case will be different.


    Be patient.


    Not everyone gets the headline rate.
    • foxy-stoat
    • By foxy-stoat 14th Jan 20, 2:16 PM
    • 5,731 Posts
    • 3,551 Thanks
    foxy-stoat
    • #7
    • 14th Jan 20, 2:16 PM
    • #7
    • 14th Jan 20, 2:16 PM
    I applied for an m&s loan yesterday got an email saying it's gone to the underwriters and should hear back in 3 to 5 working days. Has this happened to anyone esle and did you get accepted for the loan. Thanks for any advice.
    Originally posted by Jolouis

    Advice is to wait for 3-5 days.
    • Jolouis
    • By Jolouis 14th Jan 20, 3:41 PM
    • 7 Posts
    • 1 Thanks
    Jolouis
    • #8
    • 14th Jan 20, 3:41 PM
    • #8
    • 14th Jan 20, 3:41 PM
    Thank you all for the advice.
    • Jolouis
    • By Jolouis 16th Jan 20, 12:38 PM
    • 7 Posts
    • 1 Thanks
    Jolouis
    • #9
    • 16th Jan 20, 12:38 PM
    • #9
    • 16th Jan 20, 12:38 PM
    I got the loan apr was 10.6
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