Process
Underwriting
Underwriting is the lender's detailed review of your application — credit history, income, affordability, and property — before deciding whether to lend.
Underwriting on a secured loan typically takes 2–5 working days for a standard case. The underwriter reviews your credit file in detail, verifies your income against the documents you supplied, runs the affordability test at a stress-tested rate, and confirms the property valuation supports the requested LTV.
Complex cases (self-employed with multiple income sources, recent credit issues, non-standard property) take longer. Expect questions during this stage — clarifications on bank statement entries, large recent transactions, or apparent gaps in employment. Respond on the same day if possible; every day's delay on your side adds a day to the overall timeline.
Underwriting is the gate between application and offer. A well-prepared application with complete documentation usually clears underwriting first time. A thin or inconsistent application triggers multiple rounds of questions and slows the timeline considerably.