The amount charged to conduct a valuation of the property on behalf of the lender.
It is important to note that the valuation is carried out on behalf of the lender – not the mortgage applicants! The valuation does not represent a detailed inspection.
For peace of mind it may be appropriate to obtain a House buyer survey or a Full Structural Survey.
These are more detailed than a lender valuation and they are produced on behalf of the applicant.
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