Property valuation explained
A property valuation is a brief report that provides our assessment of the value of the property and highlights anything we believe requires further investigation. This could be related to structural or legal issues. A valuation doesn't involve a survey of the property.
A valuation could be suitable for:
- New home purchase - where the property has a guarantee such as an NHBC ten year guarantee
- Remortgages - where you already own the property and are aware of its condition
- Estate valuation - for example where a property needs to be assessed for tax purposes
If you are remortgaging or taking out a mortgage to buy a new home, your mortgage provider normally obtains a valuation to assess the property's suitability for mortgage purposes. This is not a survey and may not contain important information regarding the condition of the property.
Property valuation costs
Need a valuation on a property £500,000 and above?
A Colleys Private Valuation - Prestige is an enhanced version of the Colleys Property Valuation and is specifically designed for customers with valuation needs where the property value is £500,000 and above. The Prestige service is only available through Colleys and gives you the reassurance of our expertise and experience.