M&S loan referred to underwriter… common? How long to decide?

[EdieJay]

My credit history is excellent but we have just taken on a mortgage and moved house/electoral roll etc, so I can see why it has been referred to the underwriter for checking.

Does anyone know how long it takes for them to get back to you? If it’s going to be a while then I want to apply elsewhere.

How recently have you moved? The checks could be for all manner of things. As for length of time, it depends how busy they are.

Also, if you go elsewhere and it's because you've recently moved then it's likely to happen again with the new application.

They referred me too but it was fine
was fairly quick, under a week iirc

We moved less than eight weeks ago @dooneby, have made one mortgage payment.

Thanks @TheBestBitch how did they let you know? Was it email or letter?

Hi, they emailed and we had a call, they wanted payslips. I’ve got a great credit rating too so it seems they are cautious

For anyone who may find this thread - I rang up and they said they’re currently working on applications from the 3rd August. However the underwriter said she was happy to have a look while I was on the phone. It only took a minute and everything was approved with no further information requested!

Hi I too was referred and they asked for payslips which I sent on the 31st how long did they take to get back to you? I haven’t heard anything yet