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Original poster

loan application

9 replies

mumofelise · 15/02/2006 13:59

my loan application has been referred to the underwriters, is that normally a refusal? I am taking a secured loan on a mortgage that i took out on 27/01/06 but the the loan takes me to 95 % of the value. i havemade a payment fro my new mortgage though.

OP posts:
Original poster
mumofelise · 15/02/2006 14:07

bump

OP posts:
Original poster
mumofelise · 15/02/2006 14:49

anyone

OP posts:
icklmum · 15/02/2006 15:24

hi there, not necissarily (sp )it just means that they need to look at your application a bit closer. I had credit application reffered to an underwriter recently and it turned out they just wanted a few more details from me. It all went through fine after that.
So I wouldnt worry just yet if its gone to an underwriter it just means it could still go either way.
good luck

Original poster
mumofelise · 15/02/2006 15:30

thanks for that

OP posts:
inkyminky · 15/02/2006 15:41

Every case is different when the LTV exceeds an amount eg 85% it is quite common for there to be specific rules e'g - must be an existing customer with no arrears, not too soon for a further advance, as you havnt made a payment on this new mortgage yet IME you would need to provide proof of previous mortgage payments from your previous lender.

Orinoco · 15/02/2006 21:20

Message withdrawn

Original poster
mumofelise · 16/02/2006 06:49

thanks for your replies. fingers crossed

OP posts:
Orinoco · 17/02/2006 20:31

Message withdrawn

Original poster
mumofelise · 18/02/2006 10:20

still haven't heard. no news is good news hopefully

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