i have applied for a mortgage and all was going well. we have had to use a non high street lender due to 2 ccjs from 2011 and 2010. all was going well. we provided all documents including letters to confirm my oh's redundancy that lead to the ccj's the lender we have gone with accept ccjs as long as they are due to a problem like redundancy.
we got a call 2 weeks ago to tell us that the underwriter is happy with all documentation and credit scoring but as the month has rolled over they need this months bank statements. we sent these and they agreed to move to valuation. my broker assured me that this meant that they were happy so far and as long as the valuation was ok we will receive the mortgage offer. 3 days later my broker asked for 5 days worth of bank statements that were missing from the file. we provide the 5 days of statements but i did question why this had been flagged now when the valuation had been booked. broker didnt really have a satisfactory answer and just told me that we needed to send the,
on the day of the valuation ( tuesday) i got a call from the vendors estate agent to inform me that the valuation had been cancelled. i called the Broker and they said they was not aware of this and called the mortgage company. he was told by the business development manager that the file has been passed to senior underwriter for reasons undisclosed. i understand that this can happen either at initial underwriting stage or after valuation but i am confused as to why now. the valuation was cancelled to ensure money isnt wasted if the senior underwriter declines the application.
has anyone experienced this and what was the outcome. could it just be a random check. i am in limbo now. i cant understand why they would book a valuation then change there minds. my broker i apparently as mystified as i am.