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Precise valuation

Do precise underwrite before or after valuation?

Just received notification they have instructed valuation and after two years of planning this still quite can't believe someone may lend to us

Comments

  • kingstreet
    kingstreet Posts: 39,316 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Depends.

    Newbuild sees valuer instructed immediately. I'm working on such a case as we speak.
    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.
  • Time2go
    Time2go Posts: 198 Forumite
    Yes it's a newbuild
  • kingstreet
    kingstreet Posts: 39,316 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Okay.

    So the valuer is instructed pretty much immediately.

    My case;-

    application submitted 8 Sep

    initial docs upload 8 Sep

    valuer instructed 12 Sep

    'shopping list' emailed to us 12 Sep

    further docs upload 14 Sep.
    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.
  • Time2go
    Time2go Posts: 198 Forumite
    Thank you for responding appplication went in 11th and valuation fee taken straight away and credit check done immediately. And valuation was authorised yesterday.

    They asked for p60, bank statement and payslips.

    Does the tier effect how much extra info they request
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