Email from James O'Reilly - Leeds BS
In case this is ever up for review, the Society have introduced Hometrack to underwriting and assess a number of risks, but the one having the most visible impact is future flood risk, causing applications to declined, as we don’t take postcode at DIP. It is a certainty that more lenders will bring this into their underwriting process going forward, so this may become a wider issue. Obviously, enabling brokers to check the likelihood of a decline ahead of DIP would be a useful service if declines at application become the norm.
Thanks
James
