A valuation is an inspection carried out on behalf of your mortgage lender to determine the amount and terms of a mortgage offer. Your mortgage lender will probably ask you to pay for the valuation and will send you a copy of the report.

A valuation is not a survey, it is a limited inspection to identify problems that affect the security of your mortgage lender's loan. A property can have defects that are critical to a prospective buyer, but are not of concern to the mortgage lender and therefore won't appear in a valuation report. That is why you should not just rely on the information provided by a valuation when deciding whether or not to purchase a property.

Please fill out this enquiry form if you would like to be contacted by a member of our Survey & Valuation department in relation to a Valuation on a property.

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Information courtesy of The Royal Institution of Chartered Surveyors (RICS)

Home Sale Network British Estate Agents Group