Home Reports and Mortgage Valuations
We outline whether your Scottish Home Report needs to contain a mortgage valuation.

We outline whether your Scottish Home Report needs to contain a mortgage valuation.

How much you need to offer in comparison to a Home Report value will depend on the current market and demand in your area.
If there is not much demand, you may be able to offer 0-5% above the Home Report value. In a more competitive market, offering up to 10% over the valuation could increase your chances of your offer being accepted.
Usually, the cost of a Home Report will be in the range of £285-£450. This can cost more depending on the location, the value of your property, and the solicitor you use.
As the Home Report must meet standards and criteria, the information is usually reliable.
However, the Home Report valuation is likely to be less accurate than a private survey valuation, as a valuation done by a private surveyor is usually much more detailed.
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