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Valuation - Mortgage | Valuation - Capital Gains | Valuation - Diminution | Valuation - Divorce | Valuation - Miscellaneous | Valuation - Probate | Valuation - Reinstatement Cost Assessment | Dilapidations Damages Appraisals | S.18(1) L&TA '27 Appraisals
Valuation - Mortgage | Valuation - Capital Gains | Valuation - Diminution | Valuation - Divorce | Valuation - Miscellaneous | Valuation - Probate | Valuation - Reinstatement Cost Assessment | Dilapidations Damages Appraisals | S.18(1) L&TA '27 Appraisals
Valuation - Mortgage
The vast majority of housing is purchased with the aid of a secured loan (mortgage).
The mortgagee, as part of the process, will normally instruct a surveyor to undertake a “valuation for mortgage purposes”. This is not a survey but is a brief inspection in order to determine the value of the property. The inspection will identify matters that could affect the value/security of the property as far as the lender is concerned.
Most mortgagees have an “approved panel” of Surveyors. Barker Associates are included on a large number of these panels.
The report/information is for the sole use of the mortgagee but it is normal practice for the mortgagee to send a copy to you (mortgagor) for information purposes.
The reports are normally produced utilising a pre-printed format issued by the mortgagee.
Inspections normally take about 45-60 minutes and are carried out by fully qualified members of ⇒ The Royal Institution of Chartered Surveyors.
Prices generally start at £150 (including VAT).
If you wish to discuss mortgage valuations please do not hesitate to contact our Survey Department on 01279 647111.
