Valuation question

devonmaid77

Hi, my husband and I are both first time buyers and need a little advice! I have also posted this in Mortgages and Endowments, but think that's the wrong place so posting here too!

We have had an offer accepted on a property and have made an application for a mortgage through Countrywide mortgages. We have been waiting a very long time for our mortgage offer and things have recently taken a turn for the worse, but that's a different story.

My question is... we had a valuation carried out by Countrywide for our mortgage application, is this now ours? Or will we have to have another valuation carried out if we decide not to use Countrywide any further?

I feel in a bit of a pickle about what to do at the moment, so just knowing whether we will lose out if we decide to change advisors would be a really helpful first step!

Many thanks for reading.

Emmzi

the valutaion is usually not "yours" but carried out for the bank so it "belongs" to the lender/mortgage broker. Any new lender will want a new valuation from their own panel addressed to them.

devonmaid77

Thanks for the reply Emmzi. Have had time to think things through now and have spoken to a mortgage adviser that has experience in our situation and have the matter cleared up, well in the process of clearing it up anyway!