The Mortgage Underwriting Process: How to Get Approved Fast

Martin Lewis warns buyers about three things that can stop mortgage applications

Martin Lewis has warned prospective homebuyers about three major hurdles that can prevent them from securing a mortgage.The MoneySavingExpert founder identified affordability, the type of property being purchased and an applicant’s credit history as the main issues that can lead lenders to reject an application.His warning comes as UK mortgage approvals edged up in June to 58,200, from 56,570 in May. Despite the increase, the housing market rema…

Martin Lewis 'three big things' warning that stop people getting a mortgage

Make sure you do not miss out on your dream home because you are not approved by a lender

The Mortgage Underwriting Process: How to Get Approved Fast

You're under contract, your file is "in underwriting," and someone told you to sit tight and wait. If you've been refreshing your loan status, reading forum threads at midnight, and wondering whether one wrong move is about to sink the whole thing, you're in the right place to get some answers (and, hopefully, some peace of mind). That worry is normal, and most of the time it's bigger than the actual risk. The underwriter is not hunting for a re…