Ok, so how long is a piece of string...?
No, really. Our new Solicitor via our Broker forwarded a written request to The Woolwich 16 days ago asking them to re-value the house we are hoping to buy from £249,000 to £235,000. The % we were looking to borrow would hopefully remain at 70% allowing us to retain £5,000 (approx) of our deposit.
We had a "mortgage offer" from The Woolwich yesterday acknowledging that our new solicitor would be acting for us - but the value of the property was still down as £249,000
I spoke to the Broker (L&C) last night and as the mortgage "promise" expires in 13 days time she was going to get her manager to try and hurry things along.
A couple of questions.... does anyone know how long a valuation may take? And, what if it doesn't come through in the next 13 days???
In case anyone was wondering, the £14,000 reduction was because we revised how much of the property we were buying - eg now just house as opposed to house and land.
Thank you x
No, really. Our new Solicitor via our Broker forwarded a written request to The Woolwich 16 days ago asking them to re-value the house we are hoping to buy from £249,000 to £235,000. The % we were looking to borrow would hopefully remain at 70% allowing us to retain £5,000 (approx) of our deposit.
We had a "mortgage offer" from The Woolwich yesterday acknowledging that our new solicitor would be acting for us - but the value of the property was still down as £249,000
I spoke to the Broker (L&C) last night and as the mortgage "promise" expires in 13 days time she was going to get her manager to try and hurry things along.
A couple of questions.... does anyone know how long a valuation may take? And, what if it doesn't come through in the next 13 days???
In case anyone was wondering, the £14,000 reduction was because we revised how much of the property we were buying - eg now just house as opposed to house and land.
Thank you x