Return to the Mortgage Glossary Home to view explanations for all mortgage terms. What follows is the definition for the term Valuation as it relates to mortgages in the UK. Valuation A valuation is a basic survey that conducted by the lender, which provides very basic details about the property to be purchased. It is undertaken to ensure that the mortgage provider is not lending a higher proportion of the value of the property than they are comfortable with. Previous 10 terms < SVR (Standard Variable Rate) < Survey < Self-employed < Self Certification < Repayment Mortgages < Redemption Penalty < Principal < Portable Mortgages < Negative Equity < Mortgage Protection Policy Next 10 terms Valuation Fee  > Accident, Sickness and Unemployment Insurance (ASU)  > Added To Loan  > Additional Security Fee  > Administration Fee  > Advance  > Adverse Credit  > Agreement in Principle  > APR - Annual Percentage Rate  > Arrears  >