At a Glance
- Tasks: Manually underwrite complex mortgage applications and make sound lending decisions.
- Company: Join a growing specialist lender in the heart of London.
- Benefits: Enjoy 25 days holiday, private healthcare, and a discretionary bonus.
- Other info: Hybrid work model with excellent career progression opportunities.
- Why this job: Make impactful decisions in a dynamic team while developing your underwriting skills.
- Qualifications: Minimum one year of Buy to Let underwriting experience required.
The predicted salary is between 55000 - 55000 £ per year.
Location: London
Hybrid: 2 days WFH
Salary: Up to £55,000
Working Hours: Monday to Friday, 9 am to 5.30 pm
Benefits:
- 25 Days Holiday + Bank/Public holidays
- Pension scheme
- Private healthcare
- Discretionary Bonus
- Other flexible benefits
About the role:
Join a growing, intermediary-only specialist lender as a Buy to Let Underwriter, working as part of a busy Buy to Let team. You'll manually underwrite a range of specialist and more complex cases, assessing and approving mortgage applications in line with lending policy. Managing a varied pipeline, you'll make clear, commercially sound decisions and confidently explain your rationale, particularly on more complex deals.
Responsibilities:
- Ensure all new lending proposals are underwritten in accordance with the Company's Lending Policy, with any exceptions clearly documented and approved by the appropriate senior signatories.
- Provide clear, concise lending recommendations to senior signatories for proposals requiring exceptions or falling outside mandate parameters.
- Prepare and present Credit Papers to the Credit Committee for high-value transactions.
- Review, assess and appraise both short- and long-form valuation reports.
- Liaise with intermediaries on new enquiries and proposals, clearly communicating underwriting requirements and/or reasons for decline.
- Work closely with Pipeline and Completions Managers to ensure underwriting requirements and special conditions are fully understood and appropriately applied.
Experience:
- A minimum of a year's experience in a Buy to Let Mortgage Underwriting role.
- Held a mandate for £350K or more.
- Experience of presenting proposals to senior signatories.
- Knowledge of different property asset types, including HMO, multi-unit freehold blocks, and office-to-residential permitted development schemes.
- Pragmatic approach to lending.
Underwriter. Job in London LilyLifestyle Jobs employer: United Cerebral Palsy of Georgia
Join a dynamic and supportive team at a leading intermediary-only specialist lender in London, where your expertise as a Buy-to-Let Underwriter will be valued and rewarded. With a strong focus on employee growth, we offer comprehensive benefits including private healthcare, a generous holiday allowance, and a flexible work culture that promotes a healthy work-life balance. Experience the unique advantage of working in a vibrant city while contributing to meaningful lending decisions that make a difference in the property market.
Contact Details:
United Cerebral Palsy of Georgia Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter. Job in London LilyLifestyle Jobs
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and property sectors. Attend industry events or webinars to meet potential employers and get your name out there. Remember, sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for interviews by practising common underwriting scenarios. Think about how you would assess complex cases and be ready to explain your thought process. This will show your potential employer that you’re not just knowledgeable, but also confident in your decision-making.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation for the opportunity. It keeps you on their radar and shows your enthusiasm for the role.
✨Tip Number 4
Apply directly through our website! We’ve got a range of roles that might suit your skills, and applying directly can sometimes give you a leg up. Plus, it’s super easy to keep track of your applications this way!
We think you need these skills to ace Underwriter. Job in London LilyLifestyle Jobs
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Buy-to-Let Underwriter role. Highlight your relevant experience, especially any underwriting roles you've had and the types of properties you've worked with. We want to see how your background fits with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your skills align with our needs. Be specific about your experience with complex cases and decision-making, as that’s key for us.
Showcase Your Decision-Making Skills:In your application, don’t forget to mention examples where you’ve made clear, commercially sound decisions in your previous roles. We love seeing candidates who can confidently explain their rationale, especially on complex deals!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you get all the updates directly from us. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at United Cerebral Palsy of Georgia
✨Know Your Stuff
Make sure you brush up on your knowledge of Buy-to-Let mortgages and the specific lending policies of the company. Familiarise yourself with different property asset types like HMOs and multi-unit freehold blocks, as these will likely come up in conversation.
✨Showcase Your Experience
Be ready to discuss your previous underwriting experience, especially any mandates you've held for high-value transactions. Prepare examples of complex cases you've managed and how you made sound decisions based on the company's lending policy.
✨Communicate Clearly
Practice explaining your rationale behind underwriting decisions. The interviewers will want to see that you can present clear, concise recommendations, especially when it comes to exceptions or proposals outside of mandate parameters.
✨Engage with the Team
Since you'll be working closely with Pipeline and Completions Managers, show your enthusiasm for teamwork. Be prepared to discuss how you would liaise with intermediaries and ensure everyone is on the same page regarding underwriting requirements.
