An accurate and comprehensive loan valuation on your property allows financial institutions to make an informed decision on whether any loan they make to you will be secure.

Obtaining a valuation by a RICS qualified professional is essential. Reputable banks and other lenders will only consider a valuation report prepared in accordance with the Royal Institution of Chartered Surveyors’ (RICS) Red Book. This takes into account such factors as the property’s location, condition, quality, whether there is any demand/supply in the area for your specific property and what the current market conditions are in the area and if there are any outstanding planning permissions in place that could affect its future value.

The purpose of having a loan valuation completed is to establish whether the amount of the loan can be secured against the value of the property and, should you default on the loan, whether the lender can realistically recoup the amount.

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