Nationwide valuation instruction means what really?

Hi

I am sure this has probably been answered already but l can't seem to find any information, we have applied through a broker and l received a text from nationwide on Monday the 26th that the application has been received- at the same time the broker emails asking for 1 month's bank statement for me and my husband and 3 months payslips for my hubby and just one for myself. i sent the documents over the same day. Yesterday l received a text again informing me that the valuation has been booked for the 3rd of Nov. Now my question is IS THAT A GOOD SIGN OR NOT?don't know what to expect, anyone please help?

Thanks in advance

Comments

  • betmunch
    betmunch Posts: 3,126 Forumite
    Nationwide instruct the valuation at the start of the process so I'm afraid it means nothing.


    At least you have a date for when its going to be done
    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.
  • smz_2
    smz_2 Posts: 5
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    Oh okay will try and patiently wait then
  • Thrugelmir
    Thrugelmir Posts: 89,546
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    At least gives you an indication of progress. Valuations are not always conducted so promptly.
  • amnblog
    amnblog Posts: 12,378
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    Lenders are keen to instruct valuation where the borrower is paying for it.

    As stated by KS, a desire to put your cash in their bank account should not be taken as a yes on the mortgage.
    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.
  • smz_2
    smz_2 Posts: 5
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    Yeah l guess waiting for a response feom them is making me extremely nervous dont know what to expect.
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