How long does it take to get a mortgage offer?
Different mortgage lenders will have different timescales in which it will take them to offer a mortgage offer after they have done a mortgage valuation. Most mortgage lenders will provide a mortgage offer within 5 working days of the valuation being carried out.
Does a valuation mean you are approved for a mortgage?
No, a valuation does not always mean a mortgage is approved. A mortgage valuation could be seen as a part of the mortgage evaluation process by the mortgage lender and hence not an actual indication that they are willing to offer you a mortgage. What happens after mortgage offer is issued?
What happens after the valuation has been completed?
After the valuation has been received from the surveyor, the lender’s underwriter will have all the required information to come to a final decision and will then be able to provide a mortgage offer. At the point, the mortgage lender is willing to make an offer you will have it sent to through the mail.
How long after valuation do you get a mortgage offer?
How long after valuation to mortgage offer? A mortgage valuation will usually be carried out within 48 hours from when it was ordered by the mortgage lender and they will usually receive the results of the valuation within 5 days if it was an in-person valuation. In this case, a mortgage offer from the time of the valuation would take about 1 week.