Mortgage Valuation: Summary:

Sometimes described as a Scheme 1 valuation. It is a report designed for the lender - not for you, the borrower. It answers only the lender's questions concerning the appropriate security for your loan. You cannot rely on it to answer the questions which concern your personal interests.

It is for the use of a lender and purely intended to help lenders decide on the level of loan to be made. Based on a restricted inspection of the property, the report will only note obvious and major defects, but will not provide information on the physical state of the property.

We strongly recommend that this type of report be supplemented by a Homebuyer's Survey. Indeed The Consumers' Association, Which? Magazine and the Council of Mortgage Lenders (CML) all give this advice.

Mortgage Valuation:Full Terms CLICK HERE

Please contact your local office for a fee quote.

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