The lender checks to make sure their credit team have everything required to assess the application
Access to the property is required and is usually co-ordinated with the real estate agent involved. It is not unusual for this step to be delayed by the difficulties with co-ordinating the real estate agent and the tenant/seller of the property.
The Lender’s Mortgage Insurance provider will review the application as they have different requirements to the lender.
Lender’s final credit review of the application. The lender will assess and cross-check the application. Assuming a successful application, an unconditional approval letter is sent.