Property valuation

Property valuation reports are usually requested by the lender before they make a formal mortgage offer.

What does it include?

  • A mortgage lender’s valuation is not a proper house survey
  • It’s carried out on your mortgage lender’s behalf, not yours (despite the fact that you may have to pay for it). It only exists to confirm whether the property you want to buy is roughly worth the amount you want to pay for it, so the lender can decide whether to lend you the amount you’re asking for
  • Although it’s often referred to as a valuation ‘survey’, it won’t tell you anything about the condition of the property