Hsbc mortgage valuation mean offer likely?

sz1517

We have had an offer accepted on a house We LOVE and have sold our property.

We have just over a 30 percent deposit and are going through a broker. Hsbc have requested a valuation on the property we are buying does anyone know if this means we are likely to receive an offer pending the valuation? Does it mean we have passed all the other checks? 

My thinking is what with COViD they are unlikely to ask for valuations and then decline for any reason other than the property itself?

Thanks.

chillicheesedog

I've had our valuation back from HSBC and it was as expected but we still haven't got an offer as waiting for underwriter to look at and then make a decision. Valuation was over a week ago too.
Sadly I don't think it means anything but it may be because my husband is self-employed so it had to go to underwriters.

sz1517

chillicheesedog said:

I've had our valuation back from HSBC and it was as expected but we still haven't got an offer as waiting for underwriter to look at and then make a decision. Valuation was over a week ago too.
Sadly I don't think it means anything but it may be because my husband is self-employed so it had to go to underwriters.

Thanks. I’m wanting to book my survey as there is around a three week wait but I’m holding off until I get something back from Hsbc. Good Luck with yours 😉

28tsw

They book in valuation immediately for everyone- no sign of anything I’m afraid. It’s listed on intermediary site as a process to speed up offer time for everyone