Remortgaing - who owns the survey?

PWhitem

Hi,

I recently paid for a survey of my property with my existing mortgage lender. I had two verbal conversations with my mortgage provider yesterday, and spoke to a third one today, and between yesterday and today the survey results relayed to me are different (10k less!). I asked how could this have happened and the operator just told me the staff yesterday must have misread the results(!).

I asked if the figure he was quoting back to me was based on the original surveyors results and hadn't been modified by any processes the mortgage lender might have in place, and he confirmed that it was the surveyors results he was working from (after what i though was a slight pause!).

I then asked if I could have a copy of the original surveyor report and he said it wasn't their policy to release this information, it was purely for their purposes of assessing LTV levels. I asked who actually owned the survey results (considering a paid the fee) and was informed they did.

Is this right? What rights would I have to insist on seeing a copy of the surveyors documentation?

I'm just a little suspicious that the shortfall between the intila and revised valuation today is a manageable 900 quid(ish) that I would have to pay to get me into a 90% LTV position which would open up some better deals with both my current lenders and of course other ones.

Or am I being paranoid!? Has anyone else experienced shenanigans over re-valuations with existing mortgage providers? I think they're under no obligation to go with the re-valuation from the surveyor and can mark them down - or am I wrong?

help!

Thrugelmir

The valuation belongs to the lender , as it's conducted on the lenders behalf. The applicant foots the bill however.