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Mortgage Valuation

Mortgage Valuation

Portrait of Justin Whitelock, founder of Mortgage London, standing in a park

By Justin Whitelock

Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)

A property assessment carried out for the lender to support its lending decision, typically by a surveyor instructed by the lender.

Related glossary terms

Variable Rate Mortgage

A mortgage where the interest rate can change over time rather than staying fixed for a set deal period.

Gifted Equity

An arrangement where a property is sold for less than market value, with the difference between market value and the lower price treated as a gift towards the buyer’s deposit.

Standard Variable Rate (SVR)

The lender’s own variable mortgage rate that often applies after an introductory deal ends, subject to lender changes.

Consent to Mortgage

A written agreement signed by an adult occupier of a property who is not on the mortgage itself, postponing any rights they may have to the lender’s charge.