Mortgage

[PawsQueen]

I'm currently remortgaging through a broker as I have adverse credit. Just had an email through saying they have instructed the valuation... does this mean they're likely to say yes?
I'm having a panic moment

Bumping!

@Hannahcolobus LTV is 85% but I had an estate agent round recently for a valuation who valued it at about 25k higher (and it's a sub 140k property so that's a decent chunk)
Broker isn't really saying much until the valuation is done but they've done all the million questions/finances and also a transfer of equity form for the lender

Instructing a Val can sometimes mean an initial review of the Application has taken place by a case handler, other times it can be system generated instruction based on automated rules and hasn't failed any critical questions yet, so can progress to next step of the application journey. Either way it means it hasn't been declined immediately but will still be subject to underwriting once the Valuation Report comes back.

Should add the broker has in house underwriters too who have asked a million questions!
Honestly my adverse credit and the equity release/gift has made it so complicated. I don't dare say how £££ the broker is but I couldn't do it alone