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Agent would not take the property off the market until survey (bank valuation ) is done.

Hi,
FTB here. The agent just told me that they do not take the property off the market until the survey is done. She wants me to ring my broker and speed up the mortgage application but I am worried what if another offer comes while I am waiting for my mortgage offer and my effort and resources will be wasted. Pls advise, Ty!

Comments

  • FtbDreaming
    FtbDreaming Posts: 1,127 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    I think there’s always a risk of being gazumped right up until exchange anyway. You just have to go for some things.  
    Mortgage started August 2020 £69,700
    Mortgage ends Aug 2050 MFW: Aug 2027 
    Current Balance: £58,678
    MFW2020 #156 £723.13
    MFW2021 #26 £1184.71
    MFW2022 #11 £197.87
    MFW2023 £785
    MFW 2024 £528.15

    Determined to make it! 
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Anybody else faces the same challenges as you do. The property will be marked as under offer. 
  • putopao
    putopao Posts: 95 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    IT IS not marked as anything in the market. 
  • greatcrested
    greatcrested Posts: 5,925 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    putopao said:
    Hi,
    FTB here. The agent just told me that they do not take the property off the market until the survey is done. She wants me to ring my broker and speed up the mortgage application but I am worried what if another offer comes while I am waiting for my mortgage offer and my effort and resources will be wasted. Pls advise, Ty!
    Contact the seller (they live at the property?) and tell them you will progress asap, but only if the property is taken off the market. It's the seller's decision - not their agent's.
    Or do as the aent suggesed: "ring my broker and speed up the mortgage application" or contact your surveyor and push for an early survey date. If he's too busy, change surveyor?


  • SpiderLegs
    SpiderLegs Posts: 1,914 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Seems a perfectly reasonable requirement to me.

  • bucksbloke
    bucksbloke Posts: 440 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    I think what the estate agent has suggested is sensible. I once waited three weeks for a DIP from someone - if you want my house, you'll need to get your application in and valuation booked!
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