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
* Assess and underwrite Buy-to-Let mortgage applications in line with company credit policy and risk appetite.
* Evaluate borrower creditworthiness, rental income sufficiency, and overall deal viability.
* Review property valuations and ensure properties meet lending criteria (e.g., condition, location, type, tenant profile).
* Apply appropriate stress testing and affordability checks in line with PRA and internal guidelines.
* Identify and investigate potential risks, fraud indicators, or policy exceptions.
* Work closely with brokers, BDMs (Business Development Managers), surveyors, solicitors, and internal teams to progress applications efficiently.
* Maintain accurate records and ensure all decisions are clearly documented.
* Escalate cases exceeding individual mandate or involving complex risk to the Credit Committee.
* Keep up to date with changes in lending policy, regulation, and the BTL market landscape.
Skills & Experience
* Proven experience in mortgage underwriting, ideally within the BTL or commercial property sector.
* Strong understanding of credit risk, income assessment (including rental income), and property valuations.
* Familiarity with PRA rules for BTL lending and portfolio landlord assessments.
* Ability to work independently and make sound credit decisions within mandate.
* Excellent analytical, organisational, and communication skills.
* Strong attention to detail and a methodical approach to work.
Preferred Qualifications
* CeMAP or equivalent industry qualification (preferred but not essential).
* Prior experience underwriting complex or portfolio BTL applications.
What We Offer
* Competitive salary & discretionary bonus
* Pension & benefits package
* Career development support and training
* Collaborative and supportive team environment
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