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  • FIRST POST
    • Destiny2017
    • By Destiny2017 20th Mar 17, 2:47 PM
    • 9Posts
    • 2Thanks
    Destiny2017
    Halifax Mortgage
    • #1
    • 20th Mar 17, 2:47 PM
    Halifax Mortgage 20th Mar 17 at 2:47 PM
    Quick question, if a valuation has been instructed does that mean I've passed the credit scoring etc or are they likely to come back with wanting more info? I'm using a broker.
Page 1
    • csgohan4
    • By csgohan4 20th Mar 17, 2:52 PM
    • 3,567 Posts
    • 2,239 Thanks
    csgohan4
    • #2
    • 20th Mar 17, 2:52 PM
    • #2
    • 20th Mar 17, 2:52 PM
    likely you have passed scoring, but you won't know fully until valuation has come back with no issues as well.
    "It is prudent when shopping for something important, not to limit yourself to Pound land"
    • Destiny2017
    • By Destiny2017 20th Mar 17, 3:04 PM
    • 9 Posts
    • 2 Thanks
    Destiny2017
    • #3
    • 20th Mar 17, 3:04 PM
    • #3
    • 20th Mar 17, 3:04 PM
    Thanks - Halifax have been very quick to instruct survey so feeling hopeful!
    • kingstreet
    • By kingstreet 20th Mar 17, 3:07 PM
    • 31,583 Posts
    • 16,869 Thanks
    kingstreet
    • #4
    • 20th Mar 17, 3:07 PM
    • #4
    • 20th Mar 17, 3:07 PM
    Valuation instruction is done at point of submission so you should not read anything into this, other than you passed the credit search.

    Once broker has uploaded documents and these are signed-off this means the mortgage then becomes subject to valuation.

    The system normally won't instruct the valuation if there is a referral to a business assessor or credit decisioning.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • Destiny2017
    • By Destiny2017 20th Mar 17, 3:12 PM
    • 9 Posts
    • 2 Thanks
    Destiny2017
    • #5
    • 20th Mar 17, 3:12 PM
    • #5
    • 20th Mar 17, 3:12 PM
    Thanks - survey already arranged for beginning of next week so hopefully, they don't need any other info!
    • SteveA12345
    • By SteveA12345 21st Mar 17, 1:37 PM
    • 23 Posts
    • 2 Thanks
    SteveA12345
    • #6
    • 21st Mar 17, 1:37 PM
    • #6
    • 21st Mar 17, 1:37 PM
    Hi there. I'm in the same position as you. My valuation is on the 28th.

    Is your home a new build? Ours is, I was wondering if mortgage lenders can down value the price of a new build property?
    • kingstreet
    • By kingstreet 21st Mar 17, 1:40 PM
    • 31,583 Posts
    • 16,869 Thanks
    kingstreet
    • #7
    • 21st Mar 17, 1:40 PM
    • #7
    • 21st Mar 17, 1:40 PM
    Lenders can't but their surveyors certainly can.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
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