Valuation for Mortgage Purpose
Property valuation for mortgages determines a property’s market value to ensure it covers the loan amount. For example, a house worth 10 million is assessed before approving an 8 million loan, protecting the lender against risk if the borrower defaults.
Property valuation for mortgage purposes is the process of determining the market value of a property that is being used as collateral for a mortgage lending.
This valuation is crucial for both the lender and the borrower as it is key factor to assess the risk associated with the loan. So, the primary objective is to establish the current market value of the property to ensure that it adequately covers the loan amount in case of default. It is typically conducted by a qualified and independent professional appraiser or valuation surveyor. When an asset is kept as collateral against a mortgage, it is of utmost importance for the lender to be assured that the subject asset is quality collateral with adequate value against the lending.
Hence Mortgage valuations are used by mortgage lenders to assess the eligibility & suitability of a property for lending purposes.
Working with an RICS Regulated Firm? What Does RICS Regulation Actually Mean to You?
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Core Values
Assured Quality
We offer RICS-compliant property investment consulting services that uphold client confidentiality and transparent reporting while adhering to the highest ethical standards. We follow RICS Valuation - Global Standards 2022 (the "Red Book") - Integrating International Valuation Standards in all of our services.
High Standard of Services
We maintain high standards in reporting and approval procedures and utilize our professional network, industry expertise, and trustworthy in-house database to deliver high-quality services that match our client's expectations.
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Chartered valuation consultants with more than 30 years of expertise in property valuation and counseling make up our team. We have devoted experts working to give our customers the highest possible satisfaction through the provision of top-notch services.
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Our capacity to deliver is a result of our managerial know-how and cutting-edge technology, which allows us to build comprehensive data base for market analysis. Our professionals are highly skilled and experienced in all aspects of real estate investing.
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We have gained the respect and confidence of leading banks, financing businesses, accounting firms, and private individuals in Sri Lanka and also overseas of our real estate service's foundation in trust, ethics, and professionalism. To assist our clients in making wise real estate decisions, we offer individualized assistance.
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In today's digital age, the concept of data protection has become increasingly relevant as more businesses rely on technology for their operations. So we as responsible professional company, always take steps to protect the personal information of clients from unauthorized access or misuse by third parties.
Simple Steps Your Easy Guide to a Hassle-Free Property Valuation
Receive a clear, customized valuation fee estimate promptly.
On-site assessment to evaluate your property's condition and details.
Preliminary report outlining key valuation findings for review.
Comprehensive, detailed report with accurate property valuation insights.
Ongoing support to address questions or concerns post-report delivery.
Got questions or need guidance before starting? Our friendly support team is here to assist you with personalized solutions. Don’t hesitate—start chatting with us now and get the help you need!
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Our Clients Says
Mr. Manoj Akmeemana
Working with Prathap Chartered Valuation & Consultancy (Pvt) Ltd has been a remarkable experience. Their integrity and professionalism are evident in every aspect of their service. Their accurate valuations and reliable consultancy have been invaluable in strengthening our credit control and recovery strategies. Prathap Chartered Valuers truly sets a high standard in the industry.
Mr. Kanesh Jayasinghe
Prathap Chartered Valuers stands out for their exceptional ability to integrate global standards with local market insights. Their meticulous approach and deep understanding of valuation principles have greatly supported our cross-border operations. Their reputation for excellence is well-deserved.
Mr. Lahiru Karunathilaka
Prathap Chartered Valuation & Consultancy (Pvt) Ltd brings a forward-thinking approach to valuation and consultancy. Their innovative solutions, backed by industry-leading insights, have been instrumental in navigating complex strategic transactions. Their dedication to staying ahead of the curve makes them a trusted partner
Mr. Siva Subramaniam
In the ever-changing corporate landscape, Prathap Chartered Valuers has been a beacon of reliability. Their precise valuations and unwavering commitment to delivering accurate results have enhanced our financial planning and treasury operations. Their professionalism is unmatched.
Mr. Iresha Wijeyeratne
Prathap Chartered Valuation epitomizes excellence in every service they provide. Their thoroughness and client-focused approach have significantly enhanced our financial strategies. With their support, we have confidently made decisions that drive our organizational growth.
We’re here to help our people, our clients, and our communities achieve their real-estate ambitions.