Valuation done now what to expect?!

Anxiousannie

Hey! So Tues our MA sent our latest company accounts to our lender (Kent Reliance) MA said to expect 4 days to have them looked at!
Weds we get call lender has approved the accounts and instructed valuation!
Valuation is booked in within a couple of hours
Thurs (yest) valuation was carried out and guy told estate agents there were no problems!

Now what!!?? How long does it generally take for the valuation report to be sent over to the lender and how long for the lender to look at it??

We still have to have senior underwriter check everything over before they can give Mortgage offer so not even sure they will!

I just wondered if anyone has any guesses as to when we could potenionally hear? They picked up the company accounts withing 24 hours!!

Thank you for reading!!

Annie

Exodi

Whilst it depends on the lender, the average seems to be around two working days from valuation to offer.

Anxiousannie

Thank you!
Who actually receives the mortgage offer?? Is it emailed to the mortgage advisor and our solicitor?? Or do we get it...?

MA is away until Tues!

Exodi

Again, it depends on the lender but it's commonly posted to you and the solicitor, with the MA advised. Nationwide for example directly texts applicants of their decision even when applied via a broker.

I'd expect you to be aware of the decision early next week.

Good luck!

Anxiousannie

Thank you so much for taking time to reply! I will be so nervous this weekend and hopefully we will have good answer early next week!!!

STORME

how long did you wait for the offer after valuation