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Valuation instructed!

Yippee so excited to finally find out that the valuation has been instructed! Does this mean we are likely to get an offer subject to valuation as our paperwork has already been reviewed by the underwriters?

Comments

  • David_White
    David_White Posts: 892 Forumite
    Fourth Anniversary 500 Posts Combo Breaker
    It really depends on the lender to be honest.

    Some won't instruct a valuation until they're happy with the case whereas others will instruct a valuation almost immediately after an application is submitted.
    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.
  • Anzhelka
    Anzhelka Posts: 197 Forumite
    Exactly...our valuation has been instructed too, however they did only initial checks before that and may check us again....
    ***Twins mummy***
  • It really depends on the lender to be honest.

    Some won't instruct a valuation until they're happy with the case whereas others will instruct a valuation almost immediately after an application is submitted.

    It's with Precise. They've returned all our documents so I'm hoping that means they've already accepted them but I'll not allow myself to relax until I get a straight answer!
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