Errors on Santander's mortgage valuation report holding off the exchange (FTB,HTB)

ladyalysanne

Good day to you!

I wonder if anyone had a similar situation happen to them and could indicate whether I should be worried.

I received valuation report from a lender in the mail (snail mail) around New Year's time. I didn't go through it very thoroughly, just noted that their reported value aligned with my accepted offer on the property.

In a couple of weeks my solicitors asked for this report as they needed it for getting the Help to Buy's "authority to proceed". I read the report more closely and there were some factual errors in it, such as
1. Outdoor area reported as 55 square meters (where in fact it was 55 square feet, so about 5 square meters, I can see how this error was made)
2. Surveyor wrote that he believed the heating is underfloor heating whereas it's ambient via radiators and underfloor heating is only in the bathroom.

And some other small-ish details as to whether deposit has been paid and how much, ground rent amount (I would pay nothing as a help to buy purchaser), but otherwise it would be payable at what they quoted - I wasn't sure if that's an error or more the way they report things.

Solicitors asked Santander to resolve the matter over a week ago.

I wonder how long might it take Santander to deal with resolving this, whether this is likely to be an issue (for their mortgage offer)?
... and whether the delay could turn off the seller (huge developer), the flat is not ready for another 2-3 months, though. 

Otherwise everything is signed, my deposit transferred and all is ready for the exchange.

Really worried. Please advise. Thank you

newsgroupmonkey_

Surely if it's aligned with the offer, it doesn't matter?

The survey is simply there for the banks valuation. If the valuation was met, then happy days!