28 August 2008

      
esurv Chartered Surveyors

Home Services About Us Press Coverage Contact Details Feedback

The best way to reach an informed decision on such an important investment as buying a home is to have a professional survey and valuation of the property which interests you.

Please click an option in the blue bar above for more information on each individual survey or read more general information below.

 

Why do I need my own Survey?
Before you decide to go ahead and commit yourself legally, you can minimise the risks by asking a qualified surveyor to answer these questions for you:

  • Is the agreed price reasonable?
  • Are there drawbacks I don't know about?
  • If so, what do I need to do about them?

Commissioning your own survey is the simple, economic way to avoid unpleasant - and perhaps costly surprises after moving in. In some cases, the Surveyor's report may enable you to renegotiate the price.

 

I already have a Mortgage Valuation report...
Even if you are seeking a mortgage - and may be paying for a Mortgage Valuation report - it is still advisable and prudent to arrange a survey by your own surveyor. The Consumers' Association Which? magazine and the Council of Mortgage Lenders both give this advice.

The reason is simple: the Mortgage Valuation report is prepared for the lender - not for you, the borrower. It answers only the lender's questions concerning the appropriate security for your loan. You cannot rely on it to answer the questions which concern your personal interests.

 

What choice of surveys do I have?
RICS members offer two forms of survey which are specifically designed for homebuyers:
 
 

Building Survey (formerly called a 'Structural Survey')
A Building Survey is suitable for all residential properties and provides a full picture of their construction and condition. It is likely to be needed if the property is for example, of unusual construction, is dilapidated or has been extensively altered - or where a major conversion or renovation is planned. It is usually tailored to the client's individual requirements. The report includes extensive technical information on the construction and materials as well as details of the whole range of defects, major to minor.

The Homebuyer Survey & Valuation (usually called 'The Homebuyer Service')
By contrast, the Homebuyer Service is in a standard format and is designed specifically as an economy service. It therefore differs materially from a Building Survey in two major respects. It is intended only for particular types of home, Houses, Flats and Bungalows which are:

  • Conventional in type and construction
  • Apparently in reasonable condition
  • It focuses on essentials

Defects and problems which are urgent or significant and thus have an effect on the value of the property - although it also includes much other valuation information. The Homebuyer Service unlike a Building Survey, provides not only a survey but also a valuation as an integral part of the Service.

 
 
© e.surv Chartered Surveyors
Regulated by RICS
T: 0800 169 9661
F: 01536 312344
Privacy Policy | Directions | About Us
38.103.63.60