Mortgage Valuations

What is a mortgage valuation?

A mortgage valuation isn’t a survey, it’s a limited check on the property to advise a lender on the value of a property to ensure that it’s worth the amount that they are lending.

A valuation will provide a value for the property but will not give the same level of detail that a survey does. There may be structural problems in the property which may be costly to put right and won’t appear in a valuation report. This is why it’s important to have a more detailed survey of your home carried out by a qualified RICS surveyor before you buy.

A mortgage valuation includes:

- Details of property and construction
- A brief statement on condition of the property
- Identification of possible repairs
- Value of property (with repairs work if required)
- Insurance recommended figure

Atholls are a Consultant firm to Valunation Chartered Surveyors who are approved providers of valuations by most banks and building societies.