understanding financial jargon
An appraisal of the value of a property is called a 'Valuation', and is done by the lender to assess its worth as security for a loan, or by the prospective buyer to act as check on the assessed property value before making an offer. A valuation for mortgage purposes would be carried out by a qualified professional valuer.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
We hope you found this information useful.
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