If you need a property survey, we offer inspections by an experienced Chartered Surveyor to help with your buying decision.
And as with all of our departments, we work to the strictest codes of practice, regulated by the Royal Institute of Chartered Surveyors (RICS).
We provide a full range of Property Valuations, including home purchase, mortgage, matrimonial, taxation, insurance, probate and retrospective valuations.
If you're buying a home that looks in reasonable condition and is not particularly old or run down, a HomeBuyer Report is ideal. It is a more in-depth survey than a mortgage valuation, but is still an economical way of learning about a property's condition and value, providing you with:
- An opinion of the property's general condition, current market value and future sale prospects
- Identification of any items which require attention or may affect the value
- A list of matters with possible legal implications which should be referred to your solicitor
- Advice on maintenance and safety issues
- Details of matters to be investigated further or acted upon prior to purchase
Buyers are often confused about their lender's valuation. Many still believe their valuation is a survey and is being prepared for their benefit. Increasingly, lenders take a risk-based approach and might well use an automated valuation model which can result in nobody physically visiting the property.
RICS research found that on average homebuyers spent £5,750 on unforeseen repairs when they moved into their new home. The vast majority will have relied on the lender's valuation only.
The RICS have put together a short film explaining how a survey from an RICS qualified professional will ensure you know as much as possible about the condition of the property before you commit to buying.