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Mortgage Valuation a good sign? Leeds Building Society

We applied to Leeds building society via a broker last Friday. All documents were accepted according to our broker and valuation was instructed yesterday. With leeds is the instruction of a valuation a good sign and we've passed the underwriting stage?

Comments

  • Marky4040
    Marky4040 Posts: 152 Forumite
    Fifth Anniversary 100 Posts
    Ozzpala said:
    We applied to Leeds building society via a broker last Friday. All documents were accepted according to our broker and valuation was instructed yesterday. With leeds is the instruction of a valuation a good sign and we've passed the underwriting stage?
    Yes, valuation is last stage before offer
  • roast
    roast Posts: 51 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Interesting.....is that the same approach for the other lenders?
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    roast said:
    Interesting.....is that the same approach for the other lenders?
    Depends on the lender. Halifax instructed the valuation as soon as we put the mortgage application in. So before they had reviewed documents.
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