For a mortgage, we arrange the valuation (tasación) with a valuation company registered with the Bank of Spain. For an inheritance, a divorce, a sale between relatives or the tax office, our technician signs a valuation report.
We tell you which document you need for your purpose.
Mortgage valuation: we request it from our partner valuation company, coordinate the visit and send it to you.
Valuation report: technician's visit, local market study and a reasoned value.
The report in My area, ready for the bank, notary, lawyer or tax office.
Good to know
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Mortgage valuations (tasación hipotecaria) are issued and signed by a valuation company approved and registered with the Bank of Spain that we work with; we manage the request and coordinate the visit.
Only a valuation company approved and registered with the Bank of Spain may issue a valuation for a mortgage loan (Law 2/1981, art. 7; Royal Decree 775/1997; Order ECO/805/2003). Novateja is not a valuation company.
Our technician's valuation report is valid for inheritance, divorce, private sales, insurance or challenging a tax valuation, but not for a mortgage.
Who signs it
Mortgage valuation: a valuer of a valuation company registered with the Bank of Spain. Valuation report: our chartered architect, building surveyor or engineer.
Typical timeframe
Valuation report within 1-2 weeks of the visit; mortgage valuations within the valuation company's timeframe (usually one to two weeks).
Mortgage, inheritance, divorce, sale or tax office.
2
Visit
The valuer or our technician visits the property.
3
Report
You receive the signed valuation or report.
Frequently asked questions
What is the difference between a mortgage valuation and a valuation report?
The bank asks for a mortgage valuation, which only a valuation company registered with the Bank of Spain can issue. A valuation report is signed by a chartered technician and covers everything else.
Will the bank accept it?
The mortgage valuation we arrange is issued by a Bank of Spain-registered company. Some banks require a specific company: we check before we start.
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