PropertySurveying.co.uk – Many clients come to us after receiving quotes from their banks or building societies. Their lender has already arranged a mortgage valuation (which it is important to remember does not constitute a survey and will not uncover anything like the level of detail a prospective purchaser needs) and supplies a quote for a further building survey or homebuyers report.
In many cases, the quotes these establishments supply their clients are extortionately high: relying on apathy on the part of the client to simply accept the offer without shopping around. For example, a recent report came in from one of our surveyors concerning a £280,000 property. The client had had a mortgage valuation done, at a cost to them of £350, and were quoted £1250 for an additional building survey. Our member surveyor offered a quote of £380 for the same survey, a saving of £520 for a report from a fully qualified and experienced Chartered Surveyor only ten minutes from the property!
Part of the reason for these prices is that the surveyor never sees a large proportion of that fee, most is siphoned off in profit for the bank.
This goes on across all lending institutions for properties of all types. It could therefore be well worth your while to give your local Independent Chartered Surveyor a no obligations call to see just how much less money you could be paying for a professional and comprehensive survey. Our surveyors don’t have to worry about the bank’s profit, so their prices are always competitive.
Find your local surveyor at propertysurveying.co.uk.