The Council of Mortgage Lenders advises that purchasers should not rely on a lenders valuation report alone, which will only highlight elements that affect the mortgage but should also obtain a survey from a RICS , Royal Institute of Chartered Surveyor member, who will act in the purchaser's best interests and provide independent expert advice, giving you peace of mind.
Our expert team will gladly be able to assist you with any questions, whether that be related to your home report, mortgage valuations or a homebuyers survey.
The RICS home buyer reports are suitable for modern and conventional residential properties only.
Type of Service:
A Home Buyers Report is a standardised document.
The service provides a 'traffic light' rating on the condition of the property, indentifies any elements which require repair or replacement, along with any legal issues which require further investigation. A valuation figure and insurance reinstatement costs are provided.
Aim of Service:
The aim of this service is to establish a good idea as to whether the property has any elements which require attention, for example structurual problems, and whether any further advice should be obtained prior to exchange of contracts and enable the purchaser to make an informed decision as to whether to proceed with the purchase at the agreed price.
The surveyor inspects the inside and outside of the main building and all permanent outbuildings, but will not open up the fabric (which is typically frowned upon by vendors!). This means that they do not take up any floorboards or coverings, move any furniture, remove the contents of cupboards, open up secured panels or undo electrical fittings.
The surveyor will not carry out specialist tests on eletrical, gas, plumbing, heating or drainage installations, or the inside of any chimney, boiler or other flues, but will recommend further investigations where appropriate.
The surveyor will not make enquires about dangerous materials, contamination and environmental issues, but will recommend further investigations where appropriate.