Mortgage Knowledge Base
An appraisal of a property to establish its market value.
This is generally instructed by the lender for the lender. As the name implies it provides the lender with an estimate as to the market value of a property at that particular moment in time and brief details of the property being mortgaged.
A mortgage valuation gives the applicant no protection at all and should not be viewed as a comprehensive report on the structure.
View our Guide to Mortgage Surveys to see what other options there are.
