Home Reports in Scotland

Mortgage Valuation Reports are not a legal requirement.

A Home Report is comprised of three documents: the Single Survey, Energy Performance Certificate and Property Questionnaire, as set out by the Scottish Government.

The Mortgage Valuation Report is an optional very costly extra that you do not require. It is primarily for the Buyers benefit.

Ask yourself this: Are you happy to pay for something for the benefit of someone else?

What guarantees are there that this valuation report will be accepted by their mortgage lending panel?

Despite what many Estate Agents and Chartered Surveying firms may tell you; there are absolutely no assurances that a Home Report will be accepted by every lenders panel, regardless of the firm.

You cannot assume you will know which lender your purchaser will be obtaining a mortgage from (if they require a mortgage), when you come to sell your house.

The majority of mortgage / remortgage products available on the market at the present time will offer your purchaser a free or heavily discounted valuation report. So, why take the risk of purchasing an expensive, optional document that they may choose to accept or require?

It is likely your purchaser will want to instruct their own valuation.

Disclaimer: The example contained within this page is for illustration purposes only. It has been calculated by a series of telephone quotations that we have received. We cannot be held liable. Any reliance you place on such information is therefore strictly at your own risk.