How Long Does a House Valuation Take? Estate Agent vs Mortgage Valuations Explained

A house valuation is one of the most crucial steps in the property buying or selling process. Whether you’re selling your home, applying for a mortgage, or simply checking your property’s worth, understanding how long a valuation takes and what it involves is key.

In the UK, valuations can vary based on whether you’re dealing with an estate agent, a mortgage lender, or an automated valuation model (AVM). Each has its own timeline, process, and purpose.

At Parkgate, we know how important timing and accuracy are in property transactions. Let’s explore how long a house valuation takes and what factors influence the duration.

What is a House Valuation?

A house valuation determines the estimated market value of a property based on its location, size, condition, and comparable sales in the area.

Unlike a survey, which focuses on structural issues, a valuation focuses purely on value assessment. It can be performed by an estate agent, a chartered surveyor, or a mortgage lender depending on the purpose.

Why You Need a House Valuation

You might need a house valuation for several reasons:

• Selling your home – to set an accurate asking price.
• Buying property – to ensure you’re paying a fair market value.
• Applying for a mortgage – as lenders require valuations for loan approval.
• Inheritance tax or probate – to determine an estate’s value.
• Insurance or remortgaging – to assess the property’s current worth.

A valuation ensures transparency and helps both parties make informed decisions.

Types of House Valuations

There are three main types of property valuations:

1. Estate Agent Valuation – A free online market appraisal by a local estate agent based on recent sales or, for more in-depth evaluations, a home visit. 
2. Mortgage Valuation – Conducted by a chartered surveyor for a mortgage lender to confirm sufficient security for the loan.
3. Automated Valuation Model (AVM) – A digital tool using market data and algorithms to estimate property value instantly.

Each type serves a different purpose and has varying accuracy and duration.

How Long Does a House Valuation Take?

The time it takes for a valuation depends on the type:

In total, a mortgage valuation takes the longest, especially during busy periods or bank holidays.

Estate Agent Valuations Explained

Estate agent valuations are often free and designed to provide an accurate market appraisal.

Process

• A local estate agent visits the property.
• They conduct a visual inspection to note features, size, and condition.
• The agent reviews local market trends and compares similar properties.
• You receive a valuation figure and advice on the asking price.

Timeframe

• Usually completed within 1 hour, with a written valuation report sent the same day.

Estate agent valuations are ideal for sellers who want a quick, accurate overview of their property value based on the current market.

Mortgage Valuations Explained

A mortgage valuation is requested by the lender to confirm that the property provides sufficient security for the mortgage deal.

Steps in a Mortgage Valuation

1. Booking the appointment – The lender arranges a chartered surveyor.
2. Physical inspection – Takes 15–30 minutes.
3. Valuation report preparation – 2–5 working days.
4. Report sent to lender – Used to finalise your mortgage offer.

Duration

Usually 3 to 7 working days, but may vary based on property type, location, and lender workload.

Automated Valuation Model (AVM)

An Automated Valuation Model (AVM) uses data from the Land Registry, market trends, and similar properties to generate an instant value.

AVMs are popular for online mortgage applications or desktop valuations where a physical visit isn’t required.

While quick, they’re less accurate for complex properties or homes with unique features.

What Affects the Duration of a Valuation

Several factors can affect how long the process takes:

• Property size and complexity
• Surveyor availability
• Local market demand
• Condition of the property
• Bank holidays and weekends
• Need for further investigation or structural surveys

The Valuation Process Step-by-Step

1. Request a valuation
2. Appointment scheduled
3. Visual inspection or digital assessment
4. Comparable data analysis
5. Report generation
6. Value confirmation

For mortgage valuations, the lender will review the report to ensure the property matches the purchase price and loan to value (LTV) ratio.

Common Issues and Delays

• Down valuations: when the valuation figure is lower than the agreed offer price.
• Access issues: property not available for inspection.
• Incomplete data: missing documentation or unclear property boundaries.
• Complex properties: requiring further investigation or a full structural survey.

Understanding Valuation Reports

A typical valuation report includes:

• Property details (address, type, age)
• Market analysis and comparable sales
• Condition of the property
• Recommended market value and comments

It may also note obvious defects or recommend a homebuyers report for detailed insights.

Estate Agent vs Mortgage Valuations: Key Differences

Costs Involved in Property Valuations

While estate agent valuations are typically free, mortgage valuations may involve a valuation fee between £150–£800 depending on the lender and property type.

Some building societies and mortgage providers offer free valuations as part of certain mortgage products.

Tips for a Faster Valuation

• Ensure the property is clean and accessible
• Provide relevant paperwork (e.g., planning permissions)
• Be available for appointments
• Fix any obvious defects beforehand
• Choose local experts familiar with your area

Parkgate’s experienced estate agents can provide fast and accurate valuations backed by detailed market knowledge.

What Happens If the Mortgage Valuation Is Lower?

A down valuation occurs when the lender’s valuation figure is lower than the offer price.

You can:

• Negotiate the price with the seller.
• Increase your deposit to match the difference.
• Challenge the valuation with additional evidence.

Down valuations are common in fluctuating market conditions, but they don’t always end a mortgage application.

Frequently Asked Questions

1. How long does an estate agent valuation take?

Usually between 30 and 60 minutes, depending on the property size.

2. Do mortgage valuations involve a physical inspection?

Yes, though some lenders use desktop valuations or AVMs for straightforward properties.

3. What is a valuation fee?

A valuation fee is paid to the lender to cover the surveyor’s cost for the report.

4. Can I get a free valuation?

Yes, many estate agents and lenders offer free valuations for new customers or as part of a mortgage deal.

5. What’s the difference between a valuation and a survey?

A valuation checks value; a survey examines structural condition.

6. How can I ensure my property is valued correctly?

Keep your home well-presented, fix minor defects, and use a trusted estate agent like Parkgate for professional insights.

Conclusion

A house valuation plays a vital role in property transactions, from setting an asking price to securing a mortgage offer. Whether it’s an estate agent, mortgage lender, or automated valuation, understanding the process ensures you’re well-prepared and informed.

At Parkgate, our estate agent valuations combine local expertise, market data, and personal service to provide accurate insights into your property’s true worth.

Contact Parkgate today for a free instant online house valuation and discover your property’s best price in the current market.