What is underwriting?

Underwriting is the stage of your mortgage application in which we review your documentation and complete checks to confirm whether we are able to lend to you.

Why is underwriting needed?

It is important, as a lender, that we ensure the mortgage you are applying for is right for you. We also have to ensure we meet our regulatory requirements as set out by the Financial Conduct Authority. This includes identity verification and Anti-Money Laundering checks.

What does an underwriter do?

There are many elements an underwriter needs to take into account when assessing a mortgage application. This includes, but is not limited to:

  • Income and Expenditure

  • Credit score and previous credit conduct

  • Proof of ID and address

  • Source of deposit funds

  • Property valuation

Our underwriting team!

At Generation Home, we have a fantastic underwriting team of experienced underwriters. Our team works hard to progress your mortgage application to the next stage, as smoothly as possible. Your mortgage advisor will liaise closely with our underwriting team to provide you with consistent updates on your application.

Reach out to us via email or live chat if you have any questions!

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