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Backlog on Abbey Valuation surveys?

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Comments

  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    If Abbey have declined it on affordability they'll struggle to obtain it elsewhere. Maybe First National but I doubt anyone else will do it.
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    Update: after all that delay and Abbey actually carrying out the survey they have then gone and denied our buyers the mortgage on affordability grounds. They are now applying via someone else. But this just means more delays.

    Oh well, no use crying over spilt milk.

    It sounds like you are being spun a line to some extent.

    Abbey will not normally instruct a survey until they have assessed the application and they have all the information on which to base a decision - so I don't think Abbey will have done the survey for them

    I think your buyer may well have been denied, but I doubt they have had a survey done.

    It sounds like they were using this line to try and buy some extra time off you to be honest.

    I've submitted cases and they have been instructed straight away
    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.
  • helen4377
    helen4377 Posts: 19 Forumite
    I had read about the Abbey backlog but my house purchase is due to complete this Friday and Abbey turned the application and survey around in under 3 weeks. Perhaps I was just lucky by the sound of it?
  • Hi All

    We are waiting on the mortgage valuation to be done on our flat that we are selling.

    They seem to be quite slow.We were told that it was because they were changing addresses & that the rates had changed so this is why it hasnt been done yet.Would you believe this :confused: ?

    We are waiting on the valuation so the searches can be done.We sold the flat middle of July 2009.They are slowing us down.As far as I know our solicitors should be able to reach exchange stage soon if the mortgage valuation hurrys up.

    How long did it take for your buyers to get there offer accepted?

    It would be great to hear from you :confused:
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