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
Valuations - desktop or actual?
330d
Posts: 637 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%.
0
Comments
-
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
-
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
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards