Mortgage Valuation - Scheme 1
All our Home Reports carry a Mortgage Valuation and whilst not required by law, all Home Reports that do not contain a Mortgage Valuation will not be able to be used by the purchaser to obtain a Mortgage. It is imperative therefore that you check your Home Report comes with a Mortgage Valuation.
We are approved by all major lenders and undertake both purchase and re-mortgage valuations as part of the Home Report process and directly on behalf of the lenders.
The valuation advises the lender of the value of the property and of any characteristics of the property, including significant defects, which might affect its value as security for the proposed loan.
The mortgage valuation is designed to give sufficient information for the lender to decide whether the property is safe to lend on and up to what amount. The valuation is based on the surveyor’s knowledge of comparable prices in the locality.
With a network of 33 offices throughout the country, no other surveyor can offer the range of local surveyors with the local market knowledge required to give National coverage alongside local, expert advice.