Kerbside Valuation

A cheap ‘drive-past’ valuation by an agent of a mortgage lender to check the condition and value of a property, used particularly for further advances on an existing mortgage of if you are remortgaging and house prices have not fluctuated drastically. The surveyor will often draw on comparisons to properties recently sold in the area to support their estimation. This is designed as a way of reducing costs for either the customer or the lender depending on who is responsible for paying for the valuation.

Unreliable in terms of ascertaining the actual market value and inappropriate if you need to know more about the structure of the property. See Mortgage Valuation and Structural Survey.

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