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Do lenders keep valuations on file?
jennbear
Posts: 10 Forumite
Hi,
We had a buyer go through natwest and they got a full mortgage offer when it was valued in November 2021. Unfortunately they pulled out just before exchange and we've since had 2 buyers which got down valued 15k by SDL (same surveyor). Our current buyer has stuck around and reapplied to natwest a week ago. I've heard nothing about a valuation yet so would they still have the valuation from November on file and would they use that if they were to do a desktop valuation?
Thank you!
We had a buyer go through natwest and they got a full mortgage offer when it was valued in November 2021. Unfortunately they pulled out just before exchange and we've since had 2 buyers which got down valued 15k by SDL (same surveyor). Our current buyer has stuck around and reapplied to natwest a week ago. I've heard nothing about a valuation yet so would they still have the valuation from November on file and would they use that if they were to do a desktop valuation?
Thank you!
0
Comments
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I think they adjust the valuation depending on the current market
If another 4 bed house sells for £50,000 more than the last 4 bed house sale they will take that into account0 -
If it's a desktop valuation I don't see why they wouldn't just re-run it with up to date figures - it's not as if they'd be saving another visit to the property.0
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Thank you, it's funny I just got a call from connells to visit- different surveyors from when the first which natwest used e.surv so I don't think they'll look back. All fingers crossed now0
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