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The mortgage company is sending a valuer to assess the property. Why are they doing this and is it the same as a survey?

The mortgage company may decide to send in a valuer to the property you wish to purchase to assess whether it is suitable security for the loan (mortgage) they are making. This is done entirely for the mortgage company’s benefit and if they miss something serious, such as subsistence, they are not liable. It is advisable to undertake your own independent survey on the property to wish to buy.