Valuations for new borrowing

Valuation report

Valuation reports are valid for the following periods:

• Physical valuation - 90 Days
• Desktop valuation - 90 Days
• Transcript - 90 Days
• Homebuyers report- 30 Days

Scottish valuations

A transcript is required for applications even where the valuation is received from one of Accord’s panel valuers. All valuations and transcripts are only valid for 90 days from the date they are issued. Any report must be no more than 90 days old at the time of offer.

We have a large number of panel valuers in Scotland; however, please check with your dedicated Business Development Manager or Adviser before submitting an application.

Homebuyer reports already carried out

Unfortunately, we cannot accept Homebuyer or building surveys that have already been carried out on properties in England, Wales or Northern Ireland. All cases must have a valuation carried out by our approved panel of valuers.

Security of tenure

Properties with a large acreage of land attached must be valued on a ’house + immediate garden only’ basis (usually up to two acres of land and assuming commensurate with property type).

Accord’s security will be the property and whole acreage of land.

Planning permission

Properties with the benefit of land with planning permission for a separate dwelling will be valued based on what the property would be worth without the planning permission, i.e. the land as garden area only.

Valuations for additional lending

A revaluation is required where: 

• The new LTV exceeds 70% of the latest valuation (based on the existing borrowing and the proposed additional loan) or 
• The latest valuation type on the account is an external appraisal (EA) or desktop (AVM), regardless of LTV or the period since the previous valuation was carried out. 



 

Portability valuations

In all cases a new valuation will be carried out for all portability applications, regardless of whether a top-up product is required to determine the new loan to value (LTV) of the lending.