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update : offer received ,Valuation report question

smacky
Posts: 229 Forumite
hi
i was wondering if any of the buyers have been facing delays for valuation to be booked ?
I have a mortgage offer on 1 property since 3-4 months now , however the vendor either doesnt like most properties they see or makes an offer which never gets accepted
so we found another 1, which is 10k more , broker submitted application as per my report on 17th , got a call on tuesday to take valuation fees confirming they are lending just 2k more so i said am happy to put in extra 8k
however the sellers EA hasnt received call yet to book valuation, on the other hand on previous property the valuation was done and offer made within a week of payment
btw its LBG
thx
i was wondering if any of the buyers have been facing delays for valuation to be booked ?
I have a mortgage offer on 1 property since 3-4 months now , however the vendor either doesnt like most properties they see or makes an offer which never gets accepted
so we found another 1, which is 10k more , broker submitted application as per my report on 17th , got a call on tuesday to take valuation fees confirming they are lending just 2k more so i said am happy to put in extra 8k
however the sellers EA hasnt received call yet to book valuation, on the other hand on previous property the valuation was done and offer made within a week of payment
btw its LBG
thx
0
Comments
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There are other threads on here commenting on delays in the lender's surveyor undertaking the valuation, and LBG was one of those lenders.
Sheer volume of work and the surveyor company not having the resources to cope with the sudden increase in demand.0 -
thats bad news :-(
really tired of the wait... 1st house almost 4 months now and if this one gets delayed as well i dont know how many more months its gonna be :-(
the only positive thing is , this has no chain atleast0 -
There a longer than average waiting time for valuations with a number of companies at the moment. Halifax is one lender affected.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
is there any way a broker can get hold of surveyors contact number on system to call up and get an idea as to how long it could be before valuation is booked in0
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still no calls from surveyor to book valuation :-(0
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I waited about 2 weeks for ours.Oxfordmark
Home owner from Friday 26th July 2013!0 -
oxfordmark wrote: »I waited about 2 weeks for ours.
was it from any of LBG ?
are you based in london?
thx0 -
Still nothing,
is there any way i can call colleys with my name to find out when can the EA expect call for valuation0 -
We've had a 3 week delay for survey on the property we are buying.0
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Still nothing,
is there any way i can call colleys with my name to find out when can the EA expect call for valuation
They are dealing with cases in order they were received. You can give them a ring and see if they can tell you anything general, but I doubt it;-
http://www.colleys.co.uk/customer/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
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