Natwest mortgage agreed subject to valuation

jamomac

I am currently in the process of going through the underwriting process with NatWest. 

The broker got back to me today saying that they have agreed the mortgage subject to valuation of the property.
Since we are in Scotland the seller has already had the home report carried out which came back at £450,000 and we have agreed a price of £420,000 so a good bit under the home report valuation.
I was just wondering that if the Natwest valuation comes back at around the price we paid or the original report etc will be definitely be offered a mortgage?
I have asked the broker but I think he just doesn’t want to say for definite just incase something goes wrong. 

Thanks 

FTB_1991

I would expect the application to be approved if valuation is ok (never guaranteed though). All sounds positive 😊

sofsar

NatWest looks at your case after valuation report has been seen to. 

zeusofwar

Ours was the agreed price. I'm assuming its the lower number so the LTV is in the banks favour.