Hi Everyone
In need of a bit of advice as i'm pulling my hair out here.
Got mortgage approved on a house subject to valuation (credit checks etc all fine). Solicitors are involved and draft contracts have come through.
Got an email from Nationwide on Monday saying their has been something flagged up on the valuation - they think the house has been underpinned (5 year old mid terrace) but the house is still valued at what we are paying, with no retention and is classed as suitable security for them.
Have a letter from the sellers solicitors confirming he hasn't had the house underpinned (he has lived there since new). Everyone who has seen the valuation is sure it is a mistake/typo.
Nationwide are taking their time to get back to me - Mortgage Adviser not responding to emails or phone calls.
Just wondering where we stand with this - would going to another lender be wise?
Any advice much appreciated
In need of a bit of advice as i'm pulling my hair out here.
Got mortgage approved on a house subject to valuation (credit checks etc all fine). Solicitors are involved and draft contracts have come through.
Got an email from Nationwide on Monday saying their has been something flagged up on the valuation - they think the house has been underpinned (5 year old mid terrace) but the house is still valued at what we are paying, with no retention and is classed as suitable security for them.
Have a letter from the sellers solicitors confirming he hasn't had the house underpinned (he has lived there since new). Everyone who has seen the valuation is sure it is a mistake/typo.
Nationwide are taking their time to get back to me - Mortgage Adviser not responding to emails or phone calls.
Just wondering where we stand with this - would going to another lender be wise?
Any advice much appreciated