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Valuations - desktop or actual?
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330d
Posts: 629 Forumite
Are valuations still being done on desktop or are they coming round now?
Or does it depend on LTV? Mine is 50%.
Or does it depend on LTV? Mine is 50%.
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Physical inspection, drive-by or desktop depends on lender, type of application, LTV and when the property last changed hands.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.2
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Mine was 53% LTV and mortgage company (Nationwide) still did a physical inspection, didn't have to pay for a surveyor though. I'm guessing they chose to do a physical to ensure I can get the rate that was being offered which required to be 60% LTV.0
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