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Woolwich Valuation Report
AleksandraK
Posts: 38 Forumite
Hi All,
My first post here :j Hope you're all doing brilliantly!
Just had an email from my solicitor asking for a mortgage valuation report from Woolwich which was never sent to me so rang my FA and she said that since we had free standard valuation the bank does not issue copy of the report and often refuses to do so. She will now email the bank and tell them it is urgent and is holding up the completion but what if they refuse? Our developer says they won't approve the mortgage unless we provide them with the valuation report....
Any advice will be welcome.
My first post here :j Hope you're all doing brilliantly!
Just had an email from my solicitor asking for a mortgage valuation report from Woolwich which was never sent to me so rang my FA and she said that since we had free standard valuation the bank does not issue copy of the report and often refuses to do so. She will now email the bank and tell them it is urgent and is holding up the completion but what if they refuse? Our developer says they won't approve the mortgage unless we provide them with the valuation report....
Any advice will be welcome.
0
Comments
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Why does your developer need to approve your mortgage?
Surely, as long as your solicitor can confirm they hold a mortgage offer on your behalf, it is of no concern to the developer (sounds like you're buying a new-build) what is contained within the valuation report?0 -
Your developer won't approve the mortgage?
What makes you think they have any influence or input into your mortgage?
Your solicitor may want a copy of the valuation to ensure they dot all the is and cross all the ts but if it's a non-disclosed valuation (and they should know this if they deal with such issues regularly) you and they may have to proceed without it.
Is this a standard newbuild purchase, or Help To Buy?I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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