Letter by valuer confirming his instructions

To

[insert the name, address etc. of prospective mortgagor]

[Date]

Dear Sir,

Thank you for your instructions received today to value your property at _____

I understand that you require this valuation for the purpose of [obtaining an advance on first legal mortgage on the security of the property]. You wish me to state my opinion of [the value of the property and the extent to which it affords adequate security for money lent upon it]. [I am to assume that the property is in sound structural condition and generally in proper repair].

I shall be pleased to undertake the work, and take this opportunity of confirming my terms of business as appearing in the schedule annexed hereto.

[In accordance with our arrangement, I am writing to the prospective mortgagee ______ to inform him that two-thirds only of the scale fee will be payable to me should an advance not be made].

[Schedule of terms & conditions]

 

Yours etc.

[Signature of valuer]