Change Date: 16/11/2023
Association: UK Finance
Jurisdiction: England and Wales
Index: v.2023 No.1144


Policy changes relevant to
Principality Building Society Solicitor Panel

Updated 21/09/2023 16/11/2023
4.1- Is there a valuation report and if so, does the lender provide it? We may not always arrange for a physical inspection of the property. We do not provide a valuation report for remortgages however do provide one for purchases. If a valuation is provided you should compare this against the mortgage offer and if you have any issues that may require clarification/investigation please contact us using the details in 1.7.
The mortgage valuation is for our use only. Borrowers ought not to rely upon it when deciding whether to proceed to buy a property.
We may not always arrange for a physical inspection of the property but whenever we do so, we shall share a copy of the valuation with you. If a valuation is provided you should compare this against the mortgage offer and if you have any issues that may require clarification/investigation please contact us using the details in 1.7.
The mortgage valuation is for our use only. Borrowers ought not to rely upon it when deciding whether to proceed to buy a property.
The details of any remote (desktop) valuation will not be shared with you.