A Valuation for Mortgage Purposes is not a survey. It’s based on a limited inspection to confirm its Market Value. This report is designed for the lender only although you would normally receive a copy. In most cases you would also be expected to pay for this.
Please note that if you proceed with a Valuation for Mortgage Purposes it may not mention matters that could affect your decision to buy.
Home Buyer Survey and Valuation (HSV)
This type of survey is generally suitable for conventional properties in type and construction built within the last 150 years, which are in reasonable condition. It focuses on essentials and points to any defects or problems which are significant or in need of expert attention.
This is suitable for all types of property and is especially recommended for:
Buildings constructed in an unusual way, however old they are
Properties you plan to renovate or alter in any way
Properties that have had extensive alterations
It examines all accessible parts of the property – and you can ask to have specific areas included, so it covers any particular concerns you have about the building. It is a product which can be tailored to your needs, agreed between you and your surveyor.