Guides > Valuations
Valuations
Before even considering a mortgage application all lenders require a standard valuation to be undertaken on the property. This is to ascertain the true value of the property being purchased or re-mortgaged.As well as a standard valuation, there are two other types of reports available which provide the homebuyer with more information about the property, these are:
- HOMEBUYER’S REPORT – this provides you with information about the general condition of the property.
- FULL STRUCTURAL SURVEY – If the property is more than ten years old, or there are any aspects of the condition of the building that you would like investigated, then you could request a full structural survey, which will provide you with the required information before you make a further commitment to purchase.
Please note that in most situations YOU are expected to pay for the valuation and survey on the property you wish to purchase, although some lenders will repay the cost of the standard valuation upon completion.
Do you really want to make the biggest purchase of your life without talking to G4 Mortgage Services Ltd first?
Call us now on 01953 601888
Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.
There will be a fee for our advice. The precise amount will depend upon your circumstances but we estimate that it will be £95.
The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK
G4 Mortgage Services Ltd is an Appointed Representative of BDS Mortgage Group Limited which is authorised and regulated by the Financial Services Authority, number 301646.
G4 Mortgage Services Ltd is registered in England and Wales with company number 6218687
G4 Mortgage Services Ltd is not authorised to give any advice in relation to investments or investment products
38 Fairland Street, Wymondham Norfolk NR18 0AW
advice@g4mortgages.co.uk