We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage valuation.. help
betsy123_2
Posts: 46 Forumite
hello,
Date Decision In Principle received- 2/3/15
Date application received -9/3/15
Date minimum submission recived- 18/3/15
Date valuation insructed- 01/4/15
Date vauation recived- 14/4/15
Date tree damp & timber report instuicted- 17/4/15
Date tree report carroed out- 21/4/15
Date damp & timber report carried out- 22/4/15
24/4/15- reports sent to valuer for comment
then yesterday the underwriters have looked at the valuers comments. his comments were asking for more reports to be carried such as electrical condition reports etc...
does any one know why he is only asking for them now?
shouldn't he of asked for them on the first valuation...
up to know we have spent £1500 on a building survey, damp & timber report & tree report.
we are now thinking of just walking a way but really love the house.
we are purchasing the house off my father.
comments would be very helpful
Date Decision In Principle received- 2/3/15
Date application received -9/3/15
Date minimum submission recived- 18/3/15
Date valuation insructed- 01/4/15
Date vauation recived- 14/4/15
Date tree damp & timber report instuicted- 17/4/15
Date tree report carroed out- 21/4/15
Date damp & timber report carried out- 22/4/15
24/4/15- reports sent to valuer for comment
then yesterday the underwriters have looked at the valuers comments. his comments were asking for more reports to be carried such as electrical condition reports etc...
does any one know why he is only asking for them now?
shouldn't he of asked for them on the first valuation...
up to know we have spent £1500 on a building survey, damp & timber report & tree report.
we are now thinking of just walking a way but really love the house.
we are purchasing the house off my father.
comments would be very helpful
0
Comments
-
does any one know why he is only asking for them now?
shouldn't he of asked for them on the first valuation...
Only he knows that
Perhaps the owner (Dad) should pay for the reportsup to know we have spent £1500 on a building survey, damp & timber report & tree report.
we are now thinking of just walking a way but really love the house.
Love it, you may - but is it a good purchase?
Are you prepared for the lender to request special terms on the Lending such as 'retention' (holding some funds back)?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 -
Mortgage valuation or Homebuyer's survey? More often than not, a surveyor requests a list of additional reports to cover his own backside and protect his PII. Harsh.............but unfortunately true!0
-
they did a valuation, however we paid for a building survey on top of this...
he asked for additional reports and now we've sent them in hes asked for more?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.4K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.8K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards