Help - mid new build first time purchase

robtam

Sncjw said:

You won’t usually see the banks valuation survey. They will just say yes or no to the amount you have requested. 

I’m a first time buyer so a complete newbie - why can’t you see it?  Haven’t I commissioned and paid for it?

Slithery

No, the lender has commissioned it. You just covered their costs.

robtam

How do I know if they’ll tell the truth. I’m so untrusting due to the house builders sale daggers and smoke etc 

Slithery

Truth doesn't come into it, the lender will give a yes or no on whether or not they're prepared to lend you the amount you are asking for.

robtam

Slithery said:

Truth doesn't come into it, the lender will give a yes or no on whether or not they're prepared to lend you the amount you are asking for.

Okay and how do I find that out? So if the document doesn’t come to me does Nationwide write to me? I’m very confused 

Slithery

robtam said:
Okay and how do I find that out?

Nationwide will tell you.

Sncjw

Nationwide will produce a mortgage offer . If you want to find out about the property get a home buyers survey done. 

Sncjw

We are with nationwide and we selected a mortgage where there is no fees to pay. 

Sncjw

The valuation surveyors will tell nationwide if the money they are going to lend you is worth it. They want a back up in case you fail to repay the money bacm

robtam

Sncjw said:

Nationwide will produce a mortgage offer . If you want to find out about the property get a home buyers survey done. 

Okay I get it the valuation sum will be the mortgage offer. That’s clear. I just have become very untrusting of late... quite sad given it’s my first purchase.