Reclaiming valuation fee?

LizEstelle

cordial wrote:

Did she have anything in writing from the new lender which indicated the phase of "status checks" (which in any case seems a contradiction in terms with a "self-certification" mortgage!) was over??

I'm not sure about this. I'll be seeing her again on Friday so can ask then. Looks like you're intending to leave the thread so am pming this to you as well.

AndrewSmith

cordial wrote:

To misquote slightly, the value of brokers' advice can go down as well as up. I don't doubt that you've given good advice in the past but this is not necessarily an 'indication of present performance'.

No good, old chap.

Rick62 made a reasonable suggestion as to seeking an ex-gratia payment while pointing out that the lender had no obligation. Fair enough. This scarcely gives 'false hopes' or meaningless 'sympathy' since the caveat is in place.

YOU seemed to go out of your way to be callously dismissive.

End of story.

End of interest.

:rotfl: :rotfl: :T

AndrewSmith

@ Lizestelle,

You will not normally receive written confirmation stating that the verification stage of the mortgage has passed or that status checks are complete.

This is because the case is being constantly underwritten and assessed up to the point that the mortgage goes to offer.

The mortgage offer itself is the only formal correspondance you will receive showing a definite intention for the lender to lend and that the lender is happy with the status of the case.

The underwriting process of a mortgage can be very in depth and complex with lots of information from various sources having to be collated.

The status of the case is only then determined at the point of issuing the formal offer, as this is when the underwriters will have completed all the necessary verifications.

Andy