A homebuyer report is a detailed survey of a property’s condition, while a mortgage valuation is an assessment of the property’s value for mortgage purposes. A mortgage valuation is typically carried out by a lender to ensure that the property is worth the amount being borrowed, while a homebuyer report is conducted for the buyer’s own information to identify any issues or defects that may affect the property’s value or require attention. A homebuyer report can provide more detailed information than a mortgage valuation and is recommended for buyers who want to have a comprehensive understanding of the property’s condition.