Valuation

Search for glossary terms (regular expression allowed)
Begin with Contains Exact termSounds like

Glossaries

Term Definition
Valuation
An independent assessment of the value of a property carried out by an approved surveyor, normally RICS certified.

Although normally required and organised by the lender, it is paid for by the customer and used by the lender to decide how much they are prepared to lend. You may also choose to arrange a more comprehensive survey for your own purposes.