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Skipton mortgage application paused at valuers

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lorrenrm
lorrenrm Posts: 17 Forumite
10 Posts
in Mortgages & endowments
Hi all,

Applied with Skipton 7/4/22. Valuation happened on 14/4/22 and the valuers requested the CML on 16/4/22 and I haven’t heard anything since. Skipton keep saying they’re waiting to hear from the Valuers (Connells) and aren’t giving me any time frame to wait by.

For context we are buying a New Build at 95% ltv, incentives were not cash just flooring so shouldn’t push us into the next ltv.

I’m at a loss of how long I should wait, should I persue Connell’s personally?

Comments

  • K_S
    K_S Posts: 6,879 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    edited 29 April 2022 at 2:06PM
    @lorrenrm Has the builder sent the valuer the requested CML form? Connells might just be waiting for that.

    I am a Mortgage Adviser - 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.

  • lorrenrm
    lorrenrm Posts: 17 Forumite
    10 Posts
    They received it last week. 
  • K_S
    K_S Posts: 6,879 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    edited 30 April 2022 at 11:07AM
    @lorrenrm In that case it would be best to get your broker to chase Skipton/Connells and find out what exactly is pending. If you don't have a broker then try contacting Skipton/Connells yourself, they should be fine to tell you what the delay is due to.

    I am a Mortgage Adviser - 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.

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