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Commercial underwriter
Job Posted: 2 days ago
Salary: £ 55,000 - 75,000 / Annum
Job Type: Permanent
Location: EC2A, Finsbury Square, Greater London
Expire in: a month
Job Description
We are seeking a detail-oriented and commercially minded Commercial Underwriter to join our growing Buy-to-Let team. In this role, you will be responsible for assessing, underwriting, and making credit decisions on a range of BTL mortgage applications, including individual and portfolio landlords. This is a critical role within our lending operation, ensuring each deal aligns with our credit risk appetite and regulatory standards.
Key Responsibilities
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Assess and underwrite Buy-to-Let mortgage applications in line with company credit policy and risk appetite.
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Evaluate borrower creditworthiness, rental income sufficiency, and overall deal viability.
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Review property valuations and ensure properties meet lending criteria (e.g., condition, location, type, tenant profile).
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Apply appropriate stress testing and affordability checks in line with PRA and internal guidelines.
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Identify and investigate potential risks, fraud indicators, or policy exceptions.
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Work closely with brokers, BDMs (Business Development Managers), surveyors, solicitors, and internal teams to progress applications efficiently.
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Maintain accurate records and ensure all decisions are clearly documented.
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Escalate cases exceeding individual mandate or involving complex risk to the Credit Committee.
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Keep up to date with changes in lending policy, regulation, and the BTL market landscape.
Skills & Experience
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Proven experience in mortgage underwriting, ideally within the BTL or commercial property sector.
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Strong understanding of credit risk, income assessment (including rental income), and property valuations.
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Familiarity with PRA rules for BTL lending and portfolio landlord assessments.
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Ability to work independently and make sound credit decisions within mandate.
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Excellent analytical, organisational, and communication skills.
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Strong attention to detail and a methodical approach to work.
Preferred Qualifications
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CeMAP or equivalent industry qualification (preferred but not essential).
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Prior experience underwriting complex or portfolio BTL applications.
What We Offer
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Competitive salary & discretionary bonus
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Pension & benefits package
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Career development support and training
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Collaborative and supportive team environmentBefore You Apply
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