Lender valuation with offer extension


We were offered a 5.29% 2yr fix (FTB) with Leeds BS just under 6 months ago. Due to various chain delays, our offer is set to expire at the start of December and we’ve had to request an extension. The property valuation was previously done with a desktop valuation. 

We have received notification from the estate agent that Leeds BS have instructed Countrywide Surveyors to attend the property and do a physical valuation. 

Is this standard procedure for an offer extension, or should we assume that given market changes over the past 6 months, our lender is now questioning whether the property is still worth what they were happy it was worth 6 months ago?



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