We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Valuation Fee - Lloyds
Peter_87
Posts: 74 Forumite
We had a AIP from Lloyds in December.
Based on this AIP we made an offer on a property which was accepted - offer was well within our MAX AIP.
We have spoken with Lloyds re progressing Mortgage and have been advised that they may now not be willing to lend us AIP value on our current circumstance (wife on Maternity Leave) until my wife returns to work.
They have referred our mortgage to the underwriter however have still booked in a valuation (taking place tomorrow).
Lloyd's offer free valuation with mortgages - we have not signed anything.
We have spoken with another provider who has stated that they are happy to proceed with mortgage however we have not officially applied (only AIP).
Rates as similar however with other provider we would have to pay for Legal Fees.
If we were to decide to move to new mortgage provider would we be obligated to pay Lloyds for valuation? At this stage we have not accepted a mortgage with them. I can find no reference to this within the Mortgage Illustration.
Based on this AIP we made an offer on a property which was accepted - offer was well within our MAX AIP.
We have spoken with Lloyds re progressing Mortgage and have been advised that they may now not be willing to lend us AIP value on our current circumstance (wife on Maternity Leave) until my wife returns to work.
They have referred our mortgage to the underwriter however have still booked in a valuation (taking place tomorrow).
Lloyd's offer free valuation with mortgages - we have not signed anything.
We have spoken with another provider who has stated that they are happy to proceed with mortgage however we have not officially applied (only AIP).
Rates as similar however with other provider we would have to pay for Legal Fees.
If we were to decide to move to new mortgage provider would we be obligated to pay Lloyds for valuation? At this stage we have not accepted a mortgage with them. I can find no reference to this within the Mortgage Illustration.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards