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Valuation Instructed
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# 1
foolishqueen
Old 16-12-2006, 3:14 PM
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Default Valuation Instructed

Afternoon all,

A quick quesiton if you wouldn't mind:

Just had confirmation from my broker that the valuation has been instructed. Does this mean that my lender (NR) will proceed with my mortgage to offer on the assumption that the survey is ok? i.e. I won't be turned down due to credit checking or that sort of thing.

I got an AIP from NT a couple of weeks ago, and my broker submitted the application on Tuusday. Looking at my credit file I can see another search on that day from NR again - is that likely to be NR or my broker?

Thanks.
Dave.
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# 2
wigglygiggly
Old 16-12-2006, 3:41 PM
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Will be watching for an answer aswell, as we had the valuation done this week and are nervously waiting for the offer!!!!! (with NR too!!!)
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# 3
djm1972
Old 16-12-2006, 5:47 PM
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The lender would not have instructed the valuer unless everything else (credit checks, affordability etc.) were in order.
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# 4
dunstonh
Old 16-12-2006, 5:47 PM
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They wouldnt normally instruct a valuation if the application doesnt pass the initial stages.

You have broker. Ask them. Its what they are there for.
I am a Financial Adviser. Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
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# 5
foolishqueen
Old 17-12-2006, 8:07 PM
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Thanks all. I wil ask my broker on Monday for a more complete picture. Wigglygiggly I hope it all goes ok for you! Let me know how you get on!
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# 6
wigglygiggly
Old 18-12-2006, 7:58 AM
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I will do - what a nightmare not knowing what is going on!!!!! Maybe we should start a new thread - the race to be in by Easter!!!!
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# 7
wigglygiggly
Old 18-12-2006, 12:03 PM
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Guess what!!! Our mortgage offer came throught this morning!!!!
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# 8
foolishqueen
Old 18-12-2006, 12:40 PM
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Excellent news wigglygiggly - I bet you are really pleased! So it took you 13 days from application submitted to offer, which sounds great to me - hope mine is as quick, although no doubt now we are going to be into the New Year because of Christmas!
Total Debt as of January 2010: £61,234
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# 9
wigglygiggly
Old 18-12-2006, 12:54 PM
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We didn't think we would hear this side of Xmas either - so we are chuffed to bits. Now thats over, we have a waiting game on our hands. We are in a chain and our sellers seller haven't found a place to live. Not much around apparently. We have instructed our solicitors to start the searches now anyway.

Still, at least I can relax over Xmas before the real fun begins!!!

Hope yours come through soon too!
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