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Mortgage Valuation
If you are purchasing a property with a mortgage then in almost all instances, your mortgage lender will require a valuation report for their own purposes. It is important to note that a Mortgage Valuation is not a Survey. It is a limited check carried out on behalf of the lender and is designed to identify problems that might affect the security of the lenders mortgage loan. In essence, the lender will want to know if the property is worth at least the amount that the purchaser is asking to borrow. Andersons are appointed to the panel of the vast majority of UK mortgage lenders and as such we should be able to undertake both your lenders valuation and also a more detailed Survey for you simultaneously. This can be beneficial to you, both in terms of speeding up the process and in providing a cost saving compared to instructing these elements separately. Please review the Survey options shown to the left (Levels 2, 3, 4) and contact us for further details. |
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