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we have just been told 6-8 weeks before our buyers lender can do a valuation??
Happen to know which lender?
The big one I work for is currently getting the majority back within 10 working days. Your buyers lender might be waiting on various proof of ID/affordability, etc before instructing the valuation.
pifko-
No but our broker did ask if it was NatWest or Metro Bank, also said they have never had so many mortgage offers hit the buffers on expiry as they have at the moment, it’s unprecedented.
Makes me wonder if it’s intentional as they know rates are going up but that said Santander gave us another month which all became a bit pointless...
are you with Santander? (DM reply if preferred) would at least give us an indication if it’s going to happen on our side too.
Mr_Smyth
Anyone had any delays getting a mortgage valuation done at the moment? I know it was silly busy back in the first half of the year but i thought we were over that now?
Having wasted 3.5k on fee’s mostly caused by 12 weeks of delays and an aborted sale/purchase we are now back to square one as we have just been told 6-8 weeks before our buyers lender can do a valuation?? this puts our own purchase in jeopardy as i doubt they will like that news. there was talk of an online valuation but no idea if the deposit is high enough for that.
Seriously thinking it’s time to cut the losses (6.5k) and pull the plug as it’s been a year trying to move now and has pushed us about as far as we can handle.