We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Mortgage valuation. Good sign for mortgage to be accepted?
Options

Cupoftea_123
Posts: 3 Newbie

Hi,
Me and my partner are FTB and we are purchasing a new build property.
We have just had confirmation from our mortgage advisor that the valuation of the property is happening Monday next week. Is this a good sign? The mortgage application is with Halifax.
The mortgage advisor has said that they dont require anything more from us and should have a decision at least 48 hours after the valuation.
Is that a good sign to say that our mortgage will be accepted or is it still anyone's games until after the valuation?
The mortgage advisor has said that they dont require anything more from us and should have a decision at least 48 hours after the valuation.
Is that a good sign to say that our mortgage will be accepted or is it still anyone's games until after the valuation?
Thanks for your help in advance!
0
Comments
-
Being a new-build, you should be OK, condition-wise. The one area I foresee an issue is when developers price things unrealistically high and the lender does not agree to it's market value.
If this turns out to be the case you'll likely be offered a loan but at a lesser amount, you therefore having to make up the shortfall.
Affordability etc would hopefully have been checked at DIP stage.
Fingers crossed for you.1 -
Valuation is instructed as soon as the application is submitted.
Halifax usually checks and signs-off income before the valuation comes back so on its arrival, the offer is automatically issued.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.1 -
Roger-D said:Being a new-build, you should be OK, condition-wise. The one area I foresee an issue is when developers price things unrealistically high and the lender does not agree to it's market value.
If this turns out to be the case you'll likely be offered a loan but at a lesser amount, you therefore having to make up the shortfall.
Affordability etc would hopefully have been checked at DIP stage.
Fingers crossed for you.
It's so nervous waiting!0 -
kingstreet said:Valuation is instructed as soon as the application is submitted.
Halifax usually checks and signs-off income before the valuation comes back so on its arrival, the offer is automatically issued.
So in theory, they shouldn't value it any different.... Hopefully 🤞
Does that usually mean with Halifax, that the decider on the mortgage now is the valuation and everything else has even accepted?0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards