Planning to use your property to secure a mortgage? You’ll need a valuation report. But what exactly do banks expect?
At Space Ventures Limited, we work with major banks across Kenya to provide valuation reports that align with lending standards. Here’s what we focus on:
- Market Value vs. Forced Sale Value: Under pressured conditions, lenders often assess the lowest potential sale price. The difference can affect the approved loan amount.
- Property Type & Use: Residential, commercial, or agricultural usage affects valuation strategy. Each type has unique market influences and risk profiles.
- Legal Documentation: Banks require proof of ownership, clean titles, and approved plans. Any legal issues can delay or block loan processing.
- Structural Integrity & Environmental Risks: Properties must be sound and free from environmental or structural risks that could reduce their value or usability.
- Comparative Market Analysis: Recent sales of similar properties help banks determine if the valuation is realistic.
With our comprehensive approach, we help both lenders and borrowers navigate the process with confidence.
Need a mortgage valuation? Let our experts guide you every step of the way.
