Demystifying the Mortgage Valuation Process: Importance and Key Insights

In the realm of property financing, the mortgage valuation process plays a crucial role that affects both lenders and borrowers. Whether you’re a homebuyer, looking to switch lenders, or considering re-mortgaging for renovations, a property valuation is an integral part of the mortgage application procedure. In this blog post, we will delve into the significance of property valuations, the underlying processes, and the role they play in lending decisions.

Why Valuations Matter:

Property valuations are pivotal as they provide essential information to lenders making financial decisions. Regardless of your purpose – purchasing, switching, or re-mortgaging – valuations help lenders assess the property’s suitability for financing. This evaluation influences the lender’s confidence in extending a mortgage.

Key Factors in Valuation:

A property valuation is a blend of a valuer’s professional judgment and comparable prices of neighboring properties. The goal is to determine the fair market value of the property, ensuring that it aligns with the lender’s risk tolerance.

Understanding Valuation Costs:

The cost of a property valuation typically ranges from €150 to €185. This fee is paid to the lender, who collaborates with recognized Chartered Professionals and members of the Society of Chartered Surveyors Ireland for property valuation. The lender chooses from its panel of valuers, who assess the property’s condition and value.

Valuation Report Contents:

After visiting the property, the valuer drafts a Mortgage Valuation Report. This report outlines property specifics, condition, value, and a reinstatement amount. The latter reflects the cost of rebuilding the property from scratch in case of severe damage, serving as a baseline for required home insurance coverage.

Valuation Report Contents:

It’s important to differentiate between a valuation report and a pre-purchase survey. While a valuation provides an overview for lending purposes, a survey offers a more comprehensive analysis of the property’s condition. A valuation is mandatory, while a survey is optional.

Validity and Final Valuations:

A property valuation remains valid for about four months. However, in cases like self-build or stage payment mortgages, a Final Valuation is necessary before full lender funds are released. Final Valuations usually cost around €65 to €85.

Ezfees Financial’s Support:

At Ezfees Financial – Mortgage, Life & Pension Brokers, we comprehend the complexities of the property journey. We’re dedicated to assisting you in securing a mortgage approval, ensuring your Home, Your Family, and Your Future remain our top priority.

Consult Our Advisors:

If you’re considering a property venture, connect with our trusted advisors at Ezfees Financial. Whether you’re seeking guidance for your mortgage or comprehensive financial support, our team is here to help. Reach out by calling 0818 910800 or emailing your inquiries to


The mortgage valuation process serves as a bridge between property financing and sound lending practices. By grasping its significance and nuances, you can navigate the world of property finance with confidence. At Ezfees Financial, we’re committed to making your financial dreams a reality. Reach out today to start your property journey on the right foot.

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