|
|
Lender’s Valuation report
|
HomeBuyers Report
|
Building Survey
|
|
Type of property this survey is suitable for:
|
All – most mortgage lenders require a simple valuation. Sometimes the valuer does not enter the property.
|
Straight forward properties in a reasonable condition
|
Any property can have a Building Survey, but they are recommended particularly for:
Renovated/planned renovations, Unusually constructed buildings, Older properties and listed buildings
|
|
Type of examination
|
partial assessment adequate for the lender’s needs
|
Mid price, mid range service using a standard format to bring major or urgent problems to your attention.
|
You receive a thorough report that is tailored to your needs.
|
|
Why have this survey?
|
To value the property so the lender knows they can recoup their costs. This report will not necessary disclose defects to you.
|
To provide an informed judgement allowing decision on whether to buy the property.
To show whether the property is reasonably priced
To outline actions necessary/to be agreed prior to exchange of contracts
|
To provide a detailed report on the condition and construction of the property
Highlights faults and outlines necessary repairs.
Advice for future plans for extension/repairs or alterations to the property
|
|
Other aspects of this survey
|
-
|
Highlights urgent and major problems
|
Details the property’s construction, materials used major AND minor faults and remedial costs.
|
|
Valuation proposed?
|
yes
|
yes
|
No, but usually available as optional extra
|
|
Format of the report
|
In some cases, the lender will release basic details where a valuation inspection has been undertaken
|
Standard RICS format
|
Presented in the surveyor’s own format.
|