Buy to Let Underwriter

Stellar Select Limited; City Of London; Hybrid; GBP 42,000 - 50,000; Full time

Job summary

A financial services agency in London is seeking a BTL Underwriter to manage and assess Buy to Let lending proposals. The ideal candidate will have at least one year of BTL underwriting experience with authority for loans over £350k. Responsibilities include underwriting proposals, presenting clear recommendations, and reviewing valuation reports. This role is hybrid, requiring three days a week in the office, and offers a salary of up to £50,000 along with a range of benefits, including a pension scheme and private healthcare.

Benefits

25 Days Holiday

Pension scheme

Private healthcare

Discretionary Bonus

Other flexible benefits

Qualifications

• 1+ year BTL underwriting experience with £350k+ sole signatory authority.
• Experience presenting cases to senior credit signatories.
• Strong knowledge of complex assets (HMOs, MUFBs, PD office-to-resi).

Responsibilities

• Ensure all new lending proposals are underwritten in accordance with policy.
• Provide clear lending recommendations to senior signatories.
• Review and appraise both short- and long-form valuation reports.

Skills

BTL underwriting experience

Analytical skills

Numerical skills

Decision-making

Intermediary market knowledge

Job description

Job Title: BTL Underwriter

Location: London Hybrid 3 days a week in the office

Salary: Up to £50,000

Working Hours: Monday - Friday 9 am - 5.30 pm

Benefits

• 25 Days Holiday
• Pension scheme
• Private healthcare
• Discretionary Bonus
• Other flexible benefits

About the role of the BTL Underwriter

In this role, you will report to the Head of Buy to Let. This role is responsible for underwriting and approving new Buy to Let lending proposals in line with the Company's Lending Policy, ensuring decisions are made efficiently and within agreed-upon timescales.

You will manage a varied pipeline of cases in a fast-paced, high-pressure environment, accurately assessing application risk to ensure each loan is appropriate, commercially sound and fit for purpose.

The role also involves clearly articulating lending decisions and, where cases fall outside mandate or internal policy, presenting well-reasoned recommendations to the Credit Committee.

Responsibilities required for the role of the BTL Underwriter

• 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 required for the role of the BTL Underwriter

• 1+ year BTL underwriting experience with £350k+ sole signatory authority
• Experience presenting cases to senior credit signatories
• Strong knowledge of complex assets (HMOs, MUFBs, PD office-to-resi)
• Proven ability to underwrite beyond own mandate
• Confident, pragmatic decision-maker with strong analytical and numerical skills
• Experience with broker-introduced business and good intermediary market knowledge
• Exposure to lending to companies, foreign nationals, trusts and offshore entities highly desirable

For more information regarding the role of BTL Underwriter, please contact us

Stellar Select is acting as an employment agency and is a corporate member of the REC

Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days.