Mortgage Valuations

A mortgage valuation is a report normally commissioned by the mortgage company prior to agreeing to provide mortgage funding to a prospective home buyer, or for refinancing by the home owner. The report is designed to reassure the mortgage company that the property concerned provides satisfactory security for the loan they intend to advance in terms of value and saleability. It should not be confused with a survey commissioned by the prospective purchaser who needs to be made aware of potential problems or the need for repair.

 

Our RICS Registered Valuers are able to provide a mortgage valuation for prospective purchasers when we are also providing them with a more detailed survey.  However this will normally be at the discretion of the mortage company who will often require a report to be prepared separately.