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A valuation is an inspection carried out on behalf of your mortgage lender to determine the amount and terms of a mortgage offer. Your mortgage lender will probably ask you to pay for the valuation and will send you a copy of the report.

A valuation is not a survey. It's a limited inspection to identify problems that affect the security of your mortgage lender's loan. A property can have defects that are critical to a prospective buyer, but are not of concern to the mortgage lender and therefore won't appear in a valuation report. That's why you should not just rely on the information provided by a valuation when deciding whether or not to purchase a property.

We are also pleased to provide Valuations for Capital Gains Tax, Inheritance Tax, Matrimonial and Probate purposes.


Morpeth Office:
Telephone: 01670 513 533 | Email: morpeth@rickard.uk.com

Whitley Bay Office:
Telephone: 0191 252 2920 | Email: whitleybay@rickard.uk.com

Information courtesy of The Royal Institution of Chartered Surveyors (RICS)