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Mortgage offer renewal help

a7953593
a7953593 Posts: 1 Newbie
in Mortgages & endowments
We went through the application process and were given a mortgage offer in January of this year. It was valid for 3 months so we renewed the offer in March, it now needs renewing again but the Britannia are saying we need a new survey now for an additional £500. This seems unfair as there has been no change in the house we are planning to buy and house have not changed in that time.
Is this standard practice and do I have to pay?
Thanks

Comments

  • kingstreet
    kingstreet Posts: 39,351 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Valuations go stale and have to be refreshed after six months.

    Yes, it's normal.

    Yes, you have to pay.

    You'll probably have to supply updated status documentation too.

    Alternatively, find a new lender with a free or refunded valuation offer.
    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.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    a7953593 wrote: »
    This seems unfair as there has been no change in the house we are planning to buy and house have not changed in that time.

    The lender still needs to confirm this as the property is the security for the mortgage advance.
This discussion has been closed.
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