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Physical or Desktop?
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Sparklestar1127
Posts: 93 Forumite
I’ve noticed some people having physical valuations and some desktop. Is there any hard and fast rule to this decision or does it depend on the lender? Thanks
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Comments
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I went with HSBC and it was a physical valuation.1
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Thanks. I have an offer from Platform and that was a physical. Our buyers with BOI and theirs was also physical. Was just wondering if it was any set of criteria etc0
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I believe that if the house is a new build or a flat/ apartment, a psychical valuation must take place. I have seen this somewhere else on the forums, cannot guarantee that it's correct.FTB with Natwest
31/07 - DIP by Brooker Accepted
05/08 - Full application submitted
12/08 - Payslips requested and sent
14/08 - Valuation requested and booked for 24th August
17/08 - Proof of gifted deposit and confirmation of our monthly loan payments requested.
18/08 - Approved subject to valuation
24/08 - Valuation completed in morning. In afternoon tracker says report has been received and they'll let us know once fully reviewed.1 -
I've seen a few articles saying it is dependant on the LTV. I had a physical valuation because I upgraded to homebuyers report.1
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