In this brief guide, we are going to provide a few examples of a mortgage valuation report.
Mortgage valuation report (example)
Below you can see some examples of mortgage valuation reports:
FAQs: mortgage valuation report (example)
Below are some of the most frequently asked questions about mortgage valuation reports.
What is a mortgage valuation report?
A mortgage valuation report is a report which is prepared for a mortgage lender by its valuation experts. This can be on desk valuations using computers or in field valuations where a surveyor attends the property and reviews it from its exterior.
In some cases, an interior viewing may be needed before the mortgage lender provides you with a mortgage offer.
Can a mortgage be refused after valuation?
Yes, a mortgage can be refused after a valuation if the value you indicated on your mortgage application was far below or above the property’s true value. A lender may have a loan to value range which is part of its lending criteria and could decline your mortgage after a valuation if it doesn’t fit its lending criteria
In this brief guide, we provided a few examples of a mortgage valuation report.
If you have any questions or comments please let us know.