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Depends on who your banker or broker is, I would of got the funds available. A pre-approval is just that... Pre. No valuation ordered. Should of gone to formal approval and funded the equity release.

Depends on your broker/banker. I personally like to extract the available equity out ASAP / equity release. That way you don't have the current troubles you're having waiting around for a valuation, especially when it's not a val for the property you're buying. Really should of been done before...

Believe this is the property we discussed. Allgood pay deposit with exchange of contract. Exchange of contract after finance and certificate finalised.