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Term Definition
Report produced on a property to determining the value of the property, any structural problems and whether it is the sort of property the lender will be prepared to lend on.

Carried out by a qualified surveyor after he has inspected the property. You generally have three tiers of report available:
  • Valuation
  • Home Buyers
  • Structural

  • A Mortgage lender will require a valuation. The structural is the most in-depth and hence normally the most expensive.