The Council of Mortgage Lenders advise 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 Chartered Surveyor, who will act in the purchaser's best interests and provide independent expert advice.
Our expert team, will gladly be able to assist you with any questions.
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 main elements of the property, identifies any elements which require repair or replacement, along with any legal issues which require further investigation. A valuation figure and insurance reinstatement cost are provided.
Aim of Service:
The aims of this service is to establish whether the property has any elements which require attention, 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 floorboards or coverings, move furniture, remove the contents of cupboards, open up secured panels or undo electrical fittings.
The surveyor will not carry out specialist tests on electrical, gas, plumbing, heating or drainage installations, or the inside of any chimney, boiler or other flue, but will recommend further investigations where appropriate.
The surveyor will not make enquiries about dangerous materials, contamination and environmental issues, but will recommend further investigations where appropriate.