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How to avoid summer slowdown on mortgage applications

Yorkshire Building Society

Yorkshire Building Society (YBS) has outlined how to reduce delays to house sales caused by hold ups in property valuations during the summer holiday period.

On average, lenders see valuations take one extra day longer to be carried out during summer compared with spring.

However, borrowers can take several steps to ensure their survey runs without delay, including:
  • Provide as many contact details as possible, including your mobile and/or landline numbers and email address so the valuer can easily reach you. If there’s two or more named on the mortgage, ensure you have given contact details for each person.
  • If you have been trying to sell your home for a while, make sure your solicitor still has the most up-to-date contact details for you.
  • Check with your lender how long they will wait. Many lenders will instruct a property valuation as soon as possible.
  • Consider making alternative arrangements if you are unable to let the valuer review your home during standard working hours.
  • It may be helpful to let your lender and solicitor know if you are going on holiday, so the valuer can prioritise other properties while you are away.


James Farrow, senior mortgage manager at Yorkshire Building Society, said: “There’s no hard and fast rules on how long a property valuation or survey takes to complete.

“It varies on a number of factors, including region, the level of demand for mortgages and the type of survey.

“However, for many people, time is of the essence and it typically takes longer during the summer mainly because many people are jetting off on their holidays leaving valuers unable to access a property.

“Summer is not the only time potential delays in valuations may occur.

“Easter and Christmas can also cause a slowdown due to people being away from their home for extended periods of time.”

Lenders – including YBS – have turned to Automated Valuation Models (AVM) to speed up the process of property assessments without the need for a valuer.

AVMs give instant property assessments by considering many factors – such as the value of similar properties and historical house price movements – to calculate a property’s value at a specific point in time.  

However, borrowers must be aware that each individual lender has different requirements for instructing an AVM and many properties still need a physical valuation.

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