Does a successful valuation report mean a mortgage offer will follow?

[Stickystickystick]

We have applied for a remortgage through virgin money and a valuer came out today and said he agreed with the property value we had submitted for our mortgage (he wasn't really supposed to let us know). He will submit his report today. Am I right in thinking that the underwriters have signed off all the other checks for the mortgage or could we still be declined even with a valuation report?

Following as our valuation is tomorrow and I was thinking the same-would they bother if there was something blatant in our paperwork that would get the mortgage declined?

Fingers crossed for you too

We're purchasing another property, valuation wasn't instructed until the underwriters approved our application. The survey was done on Tuesday & the mortgage offer sent out the following day, received the paperwork this morning. No details from the report other than the house was worth what we were buying it for.

Valuation wasn't instructed for my purchase until it had been provisionally approved by the underwriters. I am sure about this because they came back to me on a couple of points before the valuation took place.

Oh that sounds positive then!

@summersdreaming any news?

Nothing yet, you? We were warned our mortgage offer would take a bit longer but hoping they would let us know ASAP if there was any issue with the valuation. Fingers crossed!

No nothing yet either. Checking my emails every 5 minutes!

Still nothing..

Same here although I did phone today and they send it was 'being sent to be authorised' today but no idea what that means. Which bank are you doing it through ?

Just got our offer through 😀

Oh fantastic news! They asked DP for another month of bank statement today, which hopefully means we are getting closer and the valuation went ok but gawd I wish it was quicker!!

It's with Barclays btw

That definitely sounds like the valuation went well. Keeping everything crossed for you. It's so nerve racking isn't it. Thank god we don't have to do it for another 5 years. It's a good feeling!