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 Greenwich Mortgages first ?
Call us now on 020 8858 8700 or 07739 461 708
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 mortgage advice. The precise amount will depend upon your circumstances but we estimate that it may range from £295 to £495.
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
Greenwich Mortgages is an Appointed Representative of BDS Mortgage Group Limited
which is authorised and regulated
by the Financial Services Authority for Mortgages and Non-Investment Insurance,
FSA Number 301646
Greenwich Mortgages is not authorized to give any advice in relation to investments or investment products
9 Gifford House, Eastney Street, Greenwich, SE10 9NT
gulay@greenwichmortgages.co.uk