Mortgage application at keying stage

[The_Cash_Man]

We have been told by our broker that our mortgage application is in the queue to be keyed by the bank.
Prior to this we provided some additional information requested by the bank during their preliminary check after the broker had sent everything on.

Does the fact that it's at keying stage now mean that there will be no more additional information required, and it's down to the credit models to determine what we can borrow/repay?

Thanks in advance

 

[Dave Vanian]

Does the fact that it's at keying stage now mean that there will be no more additional information required, and it's down to the credit models to determine what we can borrow/repay?

Not necessarily. After it's keyed onto the lender's system, it will go to an underwriter - the person that makes the decision to approve or not. The underwriter might ask for more information.