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HSBC - Survey instructed on application or after underwriting approval?
Tolmeister
Posts: 29 Forumite
Hi,
My vendor has just told me that my survey is being completed next week, however my application with HSBC is with underwriting as far as I am aware? I was under the impression that HSBC only instruct a survey once initial checks have been done and are provisionally approved subject to survey?
Can I breath a sigh of relief that if the survey goes well that I should receive my offer or would the survey be instructed straight away?
Thanks!
My vendor has just told me that my survey is being completed next week, however my application with HSBC is with underwriting as far as I am aware? I was under the impression that HSBC only instruct a survey once initial checks have been done and are provisionally approved subject to survey?
Can I breath a sigh of relief that if the survey goes well that I should receive my offer or would the survey be instructed straight away?
Thanks!
0
Comments
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It seems to change. Ours was on application, but others have had it as a last step.0
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Ours was instructed at the last stage.
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Direct or broker?
Direct they underwrite the person, issue an offer subject to valuation then a formal offer.
Broker they instruct the valuation and do the underwriting together and issue the formal offer alone.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Why is there a difference?kingstreet said:Direct or broker?
Direct they underwrite the person, issue an offer subject to valuation then a formal offer.
Broker they instruct the valuation and do the underwriting together and issue the formal offer alone.0
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