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Valuation instructed

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Toppert

Toppert Posts: 2 Newbie

30 July 2019 at 9:17PM in Mortgages & endowments

Hi,

I've had an app in for a little while now, I recieved an update that a valuation has been instructed. Is this a good sign? I read older posts saying this may happen first, before underwriting, but I'm not charged for the valuation. How does this work? Do they not lose if the credit checks / affordability Fail AFTER valuation?

Ta!

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LRmortgage Posts: 484 Forumite

30 July 2019 at 9:29PM

Who is the lender and how much is the loan amount?

I am a Mortgage Adviser
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.
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Toppert Posts: 2 Newbie

30 July 2019 at 9:51PM

Hey! This is YBS with a loan amount of 225k.

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amnblog Posts: 12,726 Forumite

31 July 2019 at 11:30AM edited 31 July 2019 at 11:37AM

Credit checks and affordability are the first things dealt with.

It does not sound like there are any issues there.

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.
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