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Mortgage Valuation Fee

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My husband has an an AIP agreed with the Chelsea. He is due to go in tomorrow to do the complete application and also give them the mortgage valuation fee. I know we give them the fee when the full application is completed but we have yet to pick out a new property. Do they cash the cheque for the valuation fee or do they just hold onto it until we tell them which property we have chosen and had the offer accepted on?

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    Are you really sure you want to sign something without having all the details?

    No property details? No purchase price details?

    What is to say that by the time you find a property, Chelsea will still be the best lender for you?
    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.
  • We have found two houses and are just trying to determine which is better for us.
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