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Mortgage /valuation expiry date
Chin
Posts: 146 Forumite
Hello
We're almost ready to exchange and obviously have an expiry date on our mortgage offer.
However someone told me the lenders valuation also has an expiry date that could end before the mortgage offer expiry date.
Is this true or dribble?
Sounds like nonsense to me as far as I'm concerned the survey/valuation would be valid till the mortgage offer is valid till.
Could someone clarify pls?
We're almost ready to exchange and obviously have an expiry date on our mortgage offer.
However someone told me the lenders valuation also has an expiry date that could end before the mortgage offer expiry date.
Is this true or dribble?
Sounds like nonsense to me as far as I'm concerned the survey/valuation would be valid till the mortgage offer is valid till.
Could someone clarify pls?
0
Comments
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I think from memory its a 6 mth expiry period ... I could be wrong/it may have changed, and I'm sure if so, I will be corrected
An active mge broker on site will be able to assist.
Hope this helps
Holly0 -
Quite right, H.
Six months and a new valuation will be required.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.0 -
Thank Kings ... always to the rescue ... you're a gentleman kind Sir !!!
Holly0
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