The type of survey you choose will depend on your budget and how detailed you want the survey to be.
A Homebuyer Survey will include the same details as a Condition Survey Report, but will also report any problems or defects that the property may have. It will also provide repair and maintenance recommendations.
We can help you ensure that the property in London you are purchasing is accurately priced, and help reduce the risk of any issues that may crop up in the future.
WHEN WOULD I NEED A HOMEBUYERS SURVEY?
A Homebuyer Survey is especially valuable if:
- The building you want to buy is listed
- You have some specific concerns about any aspect of the property
- You are unsure about the property’s condition
- You want to buy an unusual or old property
- The property you are buying is timber framed or has a thatched roof
IF I ALREADY HAVE A MORTGAGE VALUATION REPORT, DO I STILL NEED A HOMEBUYER SURVEY?
The Council of Mortgage Lenders advises that buyers who are getting, or who may even have a mortgage valuation report, would be wise to get a detailed Homebuyer Report that has been arranged by their own surveyor. This is because the mortgage valuation report isn’t intended for you, it’s intended to be used by the lender.
A mortgage valuation report is generally prepared by a bank or building society. It doesn’t go into as much detail as a Homebuyer Survey; it is just a report comprising maybe 1 or 2 pages in length, so it is not a survey as such.
THE HOMEBUYER SURVEY & VALUATION
The Homebuyer Survey is a document that is generally 15-20 pages long and concisely describes the condition of the property. The survey conducted will examine the inside and the outside of the property. It typically provides a clear explanation of any problems or defects such as floors, ceilings, roofs and walls, damp course, rainwater and other items such as joinery, windows and chimneys, etc.
For a small extra fee, we can also value a property for you. If this is a service you are interested in please contact us for a free, no-obligation quote.