underwriting sheet with false statement, please help

[nav110]

Hi everyone,

 

Im looking for some help and advice.

 

 

I have had issues with my sub-prime mortgage and was fortunate to stumble upon the underwriting sheet for my re-mortgage after a DSAR request.

 

On inspection it has come to light their are a couple of discrepancies from the information that was provided to the broker

and that which is contained in the underwriting sheet.

 

For example,

 

1- my outgoings were stated as £420 even when outgoings in loan application were stated to be much higher.

Just my mortgage payments at the time were £650.

 

2- I requested £120k in my application but was offered £134.

The later figure was used during the underwriting process and was subsequently given more then originally requested.

 

I am not aware of the underwriting process so not completely sure how i should deal with this. Can this be considered a case of fraud?

[dx100uk]

name names please

 

 

dx

[nav110]

i rather not give any names until i have all the facts and gain a clear understanding.

 

What i am looking for is information regarding the underwriting process, the rules and regs that govern it and implication of incorrect underwriting on the mortgage.

[citizenB]

Have a look on the FCA website - it might be worth a telephone call to them and ask if there are rules which are available for you to have a look at.

[SabreSheep]

There are benefits to giving names btw. 1) You are annomoynous so there is nothing to trace the comment to you. (Ask Site team to help change your name if you think it can be traced back to you)

 

Secondly by naming names (Company) others who have been through the same thing may have useful information to add

[nav110]

the name is not so important at the mo, will be revealed in due course.

 

Looking at the check list and the KFI sheets which the agent passed onto the underwriters all the info seems ok apart from the loan amount which was £134K.

In the check list it states outgoing as £900 but within the underwriting sheet it is £420. From my conclusion both the agent and underwriters have both manipulated the process,

agent- requesting higher figure

underwriter- lessened outgoing figure.

 

does any1 have any experience or thoughts, unsure how to proceed, pls help guys