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Valuation booked

We went through full application for our mortgage on Saturday and I've just received confirmation that our valuation has been booked. Does this mean it has gone through the underwriters and they have 'ok-ed' it?

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Valuation is part of the underwriting process.
  • ukbrockest
    ukbrockest Posts: 66 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    I spoke to Nat West Mortgage line today, my Valuation is Friday and as long as the Valuation goes ok then I will get an offer issued within 4 working days.

    I asked if the Underwriters were happy with affordability/payments etc and he said yes.

    Still nervous though until that offer is on my hand!
  • ACG
    ACG Posts: 24,724 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Who is the lender?

    some instruct the valuation straight away, some instruct it after underwriting.
    I am a Mortgage Adviser
    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.
  • kingstreet
    kingstreet Posts: 39,347 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    We went through full application for our mortgage on Saturday and I've just received confirmation that our valuation has been booked. Does this mean it has gone through the underwriters and they have 'ok-ed' it?
    It's not much different to how it was at quarter to eight this morning, TBH;-

    https://forums.moneysavingexpert.com/discussion/4929496
    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.
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