Does the survey include a mortgage valuation?
No. If you are arranging a mortgage, your lender will instruct their own valuer to do complete a mortgage valuation. This is a brief inspection to assess the property as security for a loan. A mortgage valuation is not a survey and you are strongly recommended not to rely on such a report. You should note that often these valuations are often undertaken on a ‘drive-by’ or ‘desktop’ basis and the property may never be physically inspected by the valuer. We can often complete a mortgage valuation in conjunction with your survey at minimal extra cost. However, many lenders charge high fees for this work and try and keep it ‘in-house’.
