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A
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Letter V
Valuation
Inspection carried out for the benefit of the mortgage lender to establish the
value and suitability of a property for mortgage purposes.
Even thought the borrower can be given a copy of the valuation it is not for
their benefit and as such does not afford them any protection.
Purchasers are always recommended to obtain either a Homebuyers report carried
out by a Royal Institute of Chartered Surveyors, Chartered Surveyor or Flat
Buyer's report or even a full structural survey before proceeding with any
purchase.
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