Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • foolishqueen
    • By foolishqueen 16th Dec 06, 3:14 PM
    • 236Posts
    • 69Thanks
    foolishqueen
    Valuation Instructed
    • #1
    • 16th Dec 06, 3:14 PM
    Valuation Instructed 16th Dec 06 at 3:14 PM
    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.
    Total Debt as of January 2010: £61,234
    Debt Free Day: A long way off!!
    DMP mutual support thread member: 302
Page 1
  • wigglygiggly
    • #2
    • 16th Dec 06, 3:41 PM
    • #2
    • 16th Dec 06, 3:41 PM
    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!!!)
  • djm1972
    • #3
    • 16th Dec 06, 5:47 PM
    • #3
    • 16th Dec 06, 5:47 PM
    The lender would not have instructed the valuer unless everything else (credit checks, affordability etc.) were in order.
    • dunstonh
    • By dunstonh 16th Dec 06, 5:47 PM
    • 89,523 Posts
    • 55,963 Thanks
    dunstonh
    • #4
    • 16th Dec 06, 5:47 PM
    • #4
    • 16th Dec 06, 5:47 PM
    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 an Independent Financial Adviser (IFA). 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 an Independent Financial Adviser local to you.
    • foolishqueen
    • By foolishqueen 17th Dec 06, 8:07 PM
    • 236 Posts
    • 69 Thanks
    foolishqueen
    • #5
    • 17th Dec 06, 8:07 PM
    • #5
    • 17th Dec 06, 8:07 PM
    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!
    Total Debt as of January 2010: £61,234
    Debt Free Day: A long way off!!
    DMP mutual support thread member: 302
  • wigglygiggly
    • #6
    • 18th Dec 06, 7:58 AM
    • #6
    • 18th Dec 06, 7:58 AM
    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!!!!
  • wigglygiggly
    • #7
    • 18th Dec 06, 12:03 PM
    • #7
    • 18th Dec 06, 12:03 PM
    Guess what!!! Our mortgage offer came throught this morning!!!!
    • foolishqueen
    • By foolishqueen 18th Dec 06, 12:40 PM
    • 236 Posts
    • 69 Thanks
    foolishqueen
    • #8
    • 18th Dec 06, 12:40 PM
    • #8
    • 18th Dec 06, 12:40 PM
    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
    Debt Free Day: A long way off!!
    DMP mutual support thread member: 302
  • wigglygiggly
    • #9
    • 18th Dec 06, 12:54 PM
    • #9
    • 18th Dec 06, 12:54 PM
    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!
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,355Posts Today

8,465Users online

Martin's Twitter