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We are happy to provide a Mortgage Valuation Report as part of a Home Report, or on a standalone basis. Your valuation will be undertaken by a Chartered Surveyor with expert, local knowledge of properties in your area, reassuring you of a prompt, professional and competitive service.
What is a Mortgage Valuation Report?
What is a Mortgage Valuation Report?
A Mortgage Valuation Report is an assessment conducted by a Chartered Surveyor. Its primary purpose is to determine an objective valuation for a property, based on recent sales evidence of similar properties in the same area. Unlike a more detailed property survey, the Mortgage Valuation Report focuses primarily on assessing the property’s overall condition and its market value, based on current market conditions.
What is it used for?
- For Buyers: When considering the purchase of a property, the Mortage Valuation Report gives the market value of the property in the current market, and is supported by an analysis of comparable sales of properties around that location. This information is essential in considering the level to pitch an offer to purchase a property.
- For Mortgage Lenders: Lenders will normally instruct their own Mortgage Valuation Report, rather than relying on one included in a Home Report. Most mortgage lenders have their own specific lending criteria and will require a Report which specifically addresses these.
- For Other Purposes, such as Executry or Inheritance Tax purposes, Marital Breakdown or Separation, or for other Financial Planning Purposes. In these cases, we can also provide a Retrospective Market Value, based on a valuation at a date in the past.
What does it include?
While the specific details may vary, a typical Mortgage Valuation Report includes: