We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Mortgage Application has been agreed subject to a satisfactory valuation

Hi
My wife and i applied for an accord mortgage, my broker said that Mortgage Application has been agreed subject to a satisfactory valuation!
does this mean that they will send us the mortgage offer if they are satisfied with valuation or they are still doing checks on us?

Comments

  • amnblog
    amnblog Posts: 12,785 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
     they will send us the mortgage offer if they are satisfied with valuation
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • abden82
    abden82 Posts: 5 Forumite
    First Post
    Thank you, we were worried because i work for a family business and they asked for yearly breakdown of earnings over the last 2 full tax years and current tax year to date. 
    Are they satisfied with what i sent them? Or they can make further checks after the valuation? 
  • amnblog
    amnblog Posts: 12,785 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    They tend to get happy with the financials, then instruct valuation
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.6K Banking & Borrowing
  • 254.5K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.5K Work, Benefits & Business
  • 604.3K Mortgages, Homes & Bills
  • 178.5K Life & Family
  • 261.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.