NW valuation good sign?

Cameron1590_2

Hi all,

We had a DIP of nationwide and have been informed today that the valuation has been booked for tomorrow.

Is this a good sign? If the valuation comes back okay would this suggest we are going to receive a mortgage offer or does it mean nothing?

Thanks

Cameron

ACG

If it passes DIP straight away then they instruct val immediately. Its a good sign, but a person has not looked over your application yet so its assuming your details are entered correctly you have been trutheful etc.

exotictramp

Hi,

well in my personal experience we had the valuation arranged after they saw our proof etc, then when the valuation report came back we got the textx to say valuation recieved and accepted and offer issued all at the same time. So if its like my experience with nationwide it's a good sign!:beer:

Taibek

Not to take the wind out of your sales, but this happened to me and we are now 4 weeks down the line still waiting for our offer. Not sure how much my mortgage broker is pushing them however. Looks promising but its taking a while, apparently they are very busy at the moment.

Cameron1590_2

Thanks for the info!!!

My fingers are crossed that we receive an offer, I can see the valuation has been done and is under review hopefully it comes back okay.

Do you get a text to say its satisfactory?

Thanks

Cameron

snickpan

I came a slight cropper earlier this year, had a survey done, then a week later was informed I'd been turned down for the mortgage, so I had to pay a survey fee and some solicitors works, only to suddenly fall at the last hurdle (or one of the last hurdles).
It had all been progressing nicely, until the application got to the 'reveiwed by human' stage. Turns out I'd been late with a credit card payment a couple of times!
Subsequently had to pay £6000 arrangement fee to a different mortgage company, who don't pay so much attention to credit card payments.

wileycat

I've had my survey booked in by Nationwide, but they can't do it for 2 weeks.

I'm hoping its a good sign, they have been requesting more bank statements and wage slips but there is nothing different from what we submitted originally.

littlemissbossy

Hello

This is my experience with Nationwide if it helps.

22.06.15 Mortgage appt at branch, Decision in principle.
01.07.15 Valuation/Survey
03.07.15 12.02pm Text to say valuation received from surveyor
03.07.15 12.03pm Text to say formal mortgage offer issued
08.07.15 Mortgage offer received in post.

It was way quicker than I remember the last time I moved, but that was 17 years ago, eek.