A valuation is the market price assigned to the property by the estate agent. In other words, it's what they estimate the property is worth in today's market.

If you are taking out a mortgage, then your mortgage provider will almost certainly require a valuation survey to be carried out. You should be aware that they may also want the valuation to be performed by a surveyor of their choice, rather than leaving it to you.

Need advice and help on the conveyancing process? Looking for a high quality service at a competitive price? Call our team of expert advisers on 0800 038 6886 to instruct your conveyancing solicitor today.