What does 'Survey Sent to Panel' mean?
Survey Sent to Panel
When the lender who is providing the funds for the mortgage requests a survey this is usually sent to a panel which farms the work out to the surveyors that the panel believes would be right for the job or have time to do the job. The panel will offer the work to a surveyor at which point it becomes known as 'Survey requested'. If the surveyor accepts the work the status becomes 'Survey Instructed'. Once he has booked a time with the agent or owner to visit the property the status becomes 'Survey Booked'.
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Chapter 17:
The Property Buying Process in Theory
"... way lenders organise surveys mean that they can be very fast of very slow. The steps are:
The lender sends the request out to a panel of surveyors. This status is known as 'sent to panel'
The panel may have an umbrella organisation that receives this request. This organisation sends a..."
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