Are you worried about your mortgage going through the underwriting process? If yes, then this article will help you to understand what is meant by the underwriter and how it works in a mortgage transaction. Over the years, we have received many enquiries in which a mortgage borrower is concerned about his or her mortgage being approved by an underwriter. In this article, we will explore the Mortgage underwriting process in the UK by answering some of the most asked questions such as what is mortgage underwriting, do all mortgages go to underwriters, how long does a mortgage underwriting take, what to do if your mortgage is declined during the underwriting process and what are top reasons of de-approval.


Post Topics – Mortgage Underwriting Process in the UK

Who Is An Mortgage Underwriter?

What Is Mortgage Underwriting?

How long does mortgage underwriting take?

What happens if a mortgage is declined during the underwriting process?

Top Reasons Underwriters Deny Mortgage Loans

What Can You Do to Make the Process Easier and Faster?

The Bottom Line

FAQs – Mortgage Underwriting

Who Is An Mortgage Underwriter?

An underwriter is an individual who verifies that the information provided by the borrower is correct and that there are no issues with the loan application. The underwriter ensures that the lender has sufficient funds for the loan amount and also checks if the borrower can afford the monthly payments

What is mortgage underwriting?

Mortgage underwriters are professionals who review a loan application to determine if it meets specific criteria, such as whether or not you can afford your mortgage payments. If they approve your loan request, they issue an approval letter that states how much money you’ll be able to borrow from them. This amount of money is called “the maximum approved credit limit for your type of loan.”

The lender may also require additional documents before approving your loan. These include:

• A copy of your most recent payslip

• Proof of Annual Income – either tax returns or bank statements showing two months’ worth of living expenses

• Your current financial statement includes copies of all significant bills like rent, utilities, car payments, credit cards, etc.

Once these items have been submitted, the underwriter reviews everything again to ensure there aren’t any problems with your loan. They might ask questions about your employment history, previous loans, debt obligations, assets, liabilities, credit reports, etc. The goal is to ensure that you’re financially stable enough to handle a large purchase like buying a home.


Damian Youell

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How We Work

1: We contact you and take down your details, income outgoings, name, address etc.

2: We will research the whole market and email you a detailed quote as well as a list of documents to proceed.

3: You upload the documents and information needed via our channel our online portal.

Feel Free to Contact Us

How long does mortgage underwriting take?

The underwriting process can take anywhere from a few days to a few weeks, depending on how streamlined the lender’s practices are. It’s essential to remember that the overall application process is just one part. It is possible to close on a loan in less than 50 days completely, but you will need help from an experienced mortgage advisor. At NeedingAdvice.co.uk Ltd, we have a group of specialist mortgage brokers who can help you sail through the mortgage underwriting process.

What happens if a mortgage is declined during the underwriting process?

Your mortgage lender has several options when their loan applications get rejected. Some lenders offer alternative financing products, while others simply decline to work with you at this time. You’ll want to talk to your lender about why your application got denied so you know exactly where you stand.

In most cases, the reason your application was declined is that the lender didn’t feel comfortable lending you the full amount you requested. For example, maybe you were turned down because your income wasn’t high enough, or you had too much debt.

The best thing you can do after getting a mortgage rejection letter during the underwriting process is contact an expert mortgage advisor who can help you in the mortgage process.

Top Reasons Underwriters Deny Mortgage Loans

There are many reasons why lenders deny mortgages. Some common ones include:

1) You don’t meet their minimum requirements.

2) There’s too much risk in lending to someone without a good credit report.

3) You’ve had trouble paying back other types of loans in the past and had a poor credit history.

4) You haven’t lived at your address long enough.

5) You live outside of the area where the property is located.

6) You owe too much on another house already.

7) You own multiple properties.

8) You have a bad credit history.

9)You don’t meet the minimum deposit requirement

What Can You Do to Make the Process Easier and Faster?

If you’re having difficulty getting approved for a mortgage, it’s important to understand what you can do to make the process easier and faster. Here are some tips to keep in mind:

1) Start early. If you start looking for a mortgage as soon as you decide to buy a home, you can save yourself a lot of hassle by doing things ahead of schedule. This means contacting your real estate agent sooner rather than later. They should be able to give you a list of qualified lenders who can help you find a mortgage.

2) Shop around. Once you’ve found a lender, it’s important to shop around for the best deal. Compare interest rates, closing costs, and other terms offered by various lenders.

3) Get pre-qualified. Before you even begin shopping for a mortgage, you need to determine how much money you can afford to put down on a home. To do that, you need to get pre-approved for a mortgage from one or more lenders. Pre-qualification will tell you how much you can borrow before you actually submit an application. It also gives you a ballpark figure for how much you can expect to pay in monthly payments.

4) Be realistic about your financial situation. Don’t assume that you’ll be able to take out a large amount of cash just because you want to purchase a home. The reality is that most people aren’t able to do so. Instead, they must rely on a combination of savings, equity in their current homes, and/or debt consolidation.

The Bottom Line

As you can see, there are lots of things involved in buying or selling a home. If you follow these steps, you should be able to avoid most problems along the way.

Remember, even if you do everything right, some lenders will still reject your offer. This means they aren’t interested in working out any kind of deal.

However, if you approach them properly, you shouldn’t encounter any major roadblocks. You should be able to complete all aspects of the transaction quickly and easily. We recommend you contact a mortgage broker before starting any application with a lender.


Damian Youell

Feel Free To Start WhatsApp Chat With Us...

How We Work

1: We contact you and take down your details, income outgoings, name, address etc.

2: We will research the whole market and email you a detailed quote as well as a list of documents to proceed.

3: You upload the documents and information needed via our channel our online portal.

Feel Free to Contact Us

FAQs – Mortgage Underwriting

What should you not do during underwriting?

Don’t lie about anything that would affect your ability to get approved for a loan. It doesn’t matter how small the mistake was; it could cause serious issues later.

Do All mortgages go through the underwriting process?

No, not all mortgage applications go through an underwriting process. Some loans are based on the borrower’s income alone. Others require only a few pieces of information.

What part of the mortgage application process is underwriting?

Loan applications are split into two parts:

Underwriting – where the lender assesses whether they want to take on your loan; and

Pre-approval – when they give you an indication that they’ll approve your loan.

How long does it usually take to receive my pre-approval letter from my bank or building society?

It depends on how many lenders have been asked about lending to you. If there aren’t any other offers out there, then expect around two weeks.

How long does it take for the underwriter to make a decision in the UK?

It will depend on your mortgage application. In general, you can expect to hear back within three days. However, this may vary depending on the type of loan you’re applying for.

Do I need to provide proof of income?

You must prove that you earn enough money each month to cover the amount borrowed. Your employer needs to send over payslips showing your earnings.

Do you need a good credit score to go through the mortgage underwriting process?

No, you should qualify as long as you’re earning at least £20k per year. You also don’t need perfect credit scores either. We would suggest you check your credit report before starting any mortgage application.

Do mortgage underwriters check your credit score during mortgage applications?

Yes, the final underwriting decision is given by checking your payment history and current debt levels. Some mortgage underwriters can also ask for your employment status and recent credit report. So, it is always better to contact a dedicated specialist broker who can help you with your mortgage process.

Do mortgage underwriters check tax returns?

Yes, the underwriters look at your previous years’ tax returns to ensure that you haven’t had any large changes in salary or expenses. They also check your personal circumstances such as your health and family situation.

About The Author

mortgage broker damian youell



See some of Damian’s client reviews below

Damian is an experienced mortgage broker, founder of NeedingAdvice.co.uk Ltd and company director. With over a decade working as a mortgage broker he has a strong understanding of hard to place mortgage cases. With hundreds of 5 star client reviews. hundreds of repeat clients his work speaks for himself.

He started NeedingAdvice.co.uk as a one man band with the philosophy of putting clients needs ahead of his own. This ethos of offering excellent customer service has helped the business grow over the years. He gets satisfaction on getting cases pushed through to offer stage where other mortgage broker and companies have failed.

Throughout his time as an adviser he has carved out a niche area of advice helping clients with their business protection requirements too. Having helped hundreds of client with Relevant Life Policies, Shareholder Protection Insurance, Keyperson Policies and other important protection requirements of large to small businesses.

At home he is a family man and likes to spend his time with his four children and wife Lisa. He enjoys going on holidays spending time with friends and going for walks.