Surveys
Surveys explained
Before you can buy your new home you need to arrange for a surveyor to carry out a survey of the property. A survey will tell you whether or not the property you hope to buy is a good investment without structural faults.
We can help you If you need an independent, professional survey and valuation advice, for your residential property.
We always talk to you as an individual and will be delighted to help and guide you to find the most suitable survey or valuation service to meet your particular needs.
Costs of surveys depend on the type of survey you choose and the size and condition of the property. It is always worth getting a few quotes before agreeing a price with a surveyor.
Which Survey?
There are three types of survey:
- Valuation Report – Mortgage providers usually insist on a valuation report before they will agree to lend you the money. This is to confirm that the property is sufficient security to cover the loan. If your home is still being built, the mortgage provider will carry out some checks on the builder and development. They will usually release the mortgage in stages, handing over the final money once the home is finished and can be valued.
- Homebuyer’s Report – This provides information about the basic fabric of a property. Only those parts of the property that are readily available will be covered. It will comment on defects or problems that may affect the value of the home.
- Full Structural Survey – This is a more thorough survey of the way the property’s construction and condition than a Homebuyer’s Report. It is therefore likely to cost twice as much. It will provide detailed information on how the property has been constructed, the materials used, the condition of the foundations, roof, walls etc. It is recommended for properties that are very old, run down or expensive.
In addition to providing you with Residential and Commercial Valuation Reports, we can also prepare additional formal valuations for the following:-
- Sale and Purchase
- Probate
- Matrimonial dispute
- Inheritance Tax
- Repossessions
- Insurance
- Capital Gains
- Development Appraisals
After deciding which type of survey is best for you always write to your surveyor to confirm your choice with details of the property and area.
New homes often come with a guarantee such as Buildmark that insure against major defects resulting from the builders failure to carry out the guarantor’s requirements.
If your new home does not come with a warranty, or you’d like the peace of mind that a structural survey brings, you could decide to commission a Homebuyer’s report.
When buying a very expensive home, it may be worth your while to arrange for a full structural survey.
Cost and time
The cost and time to complete your survey will depend upon which type of survey you have commissioned, and the size, condition and location of your home. It is best to get two or three quotes from different surveyors in the area to assess market rate. You may also wish to speak to your estate agent about typical costs in the area.




