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Is this normal?
jollymolly_2
Posts: 22 Forumite
For the valuer from the bank to do their valuation before the mortgage has been approved????:cool:
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Comments
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Depends on the lender.0
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Which lender is it?0
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I'd say so. Usually the bank agrees the mortgage on principle (based on the info you've given them) and once you put your application in, they have to send out a valuer to estimate the property value, as their money is essentially secured on it. Otherwise, you could be asking to borrow £100k for a garden shed.... Once the valuer has been to the property, then you'll get a formal mortgage offer from the bank.0
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