Turn around

Newmummy2b

We finally, after weeks of going back and forth, had our mortgage agreed subject to valuation back early May. Unfortunately there is a backlog of valuations to do but fast forward one month, I was informed by the vendor this was conducted yesterday. Does anyone know what sort of timescale the banks usually look to receive this info, and offer the full mortgage ?

I only ask because I’ve instructed a building survey to take place next Friday (that’s 7 working days later) and whilst I’m optimistic the valuation was fine, I’d rather not pay for it until we’ve got the full offer back.  

amnblog

Ordinarily, one or two working days.
These are of course, not ordinary times.

bell

Depends on the lender. My offer was issued within 48 working hours from survey

Treshan16

Mine was with Natwest. Had valuation on the 29th may. Report was sent to lender same day. Report was uploaded on lenders system on the 2nd June, assessed 3rd June by underwriter and offer made today 4th June. 

Newmummy2b

Thanks, just received the full mortgage this afternoon 🙌🏼 That was 24 hour turnaround from valuation to offer. 

Now to get searches and completion date.... 😬