All buildings have defects and some can be expensive to fix. Instructing a surveyor to undertake a Full Building Survey, House Purchase Survey Report or Homebuyer Survey will highlight these defects and allow you to budget for the future and limit the risks in the property. With this information, you will be able to make a reasoned decision on whether to go ahead with the property before you commit yourself legally.
Before making this huge step it is always best to speak to a chartered surveyor and ask them to go through the following questions with you:
Are there any specific defects with the property and is there anything I should get carried out urgently?
What is the value of the property and what is a reasonable price I should pay?
Will my mortgage valuation provide me with all the information I need? Do I need my own survey?
With regards to a mortgage valuation, thousands of home buyers each year rely on this and don’t instruct their own report from an independent professional. Many get away with it, but hundreds pay the price in the form of undiscovered defects and thousands of pounds on avoidable repairs.
As a result the Government, organisations like ‘Which?’ and our own team here all recommend that you arrange a survey by your own surveyor to search out any serious defects in the property. The reason for this is that a mortgage valuation has one purpose only – to satisfy a “Lender” that the house you want to buy with a loan is a sufficiently valuable asset that it can be sold to repay the loan should you be unable to keep up repayments. It won’t explore your home for defects which can escalate very quickly into significant problems, which is what a survey is all about.
Too many property purchasers rely on such a report as if it were a full survey. Don’t be caught out, speak to a local surveyor about what they can do for you – the advice is free, but the conversation could save you thousands.
If you would like to find out more about the following types of professional survey work carried out by Chartered Surveyors of the propertysurveying.co.uk network, please click on the link below…
Crawley has been a settlement since the Stone Age, and the Romans had ironworks here. It lies within the Sussex Weald. Crawley has expanded by the creation of 13 new neighbourhoods, with new houses – detached, semi-detached and terraced – and bungalows, but no tower blocks.
Contact us for advice on commercial surveys, home property surveys, party wall advice or other building or planning issues.
We offer building survey services that include the ‘RICS Homebuyer Report’, the ‘Full Building Survey’ and the ‘House Purchase Survey Report’. We have a survey to suit all building types and budgets; residential or commercial, large or small.
We will deal with you personally, giving you building survey advice; helping you to choose the right property survey for your home or business. Our fees are all inclusive so you can discuss the building, structure and property defects at any time.
Please telephone the Survey Desk to discuss your building survey or other property requirements.
“My surveying experience extends from a solid core of survey reports, like the HomeBuyers Survey and the House Purchase Survey, to a wide range of residential and commercial expert surveys, valuations and reports. I can highlight any and all issues and defects at your potential property purchase or your current home, making sure you have all the information you need to proceed.
“If you are buying a property, you could save thousands in unexpected remedial works by instructing us to carry out a property survey on your behalf. Please don’t hesitate to give me a call”
The property market fact file is a collection of data compiled each month by our Chartered Surveyors and the propertysurveying.co.uk team; collating survey data, statistics, trends and information from the property market. This aims to help many persons with an interest in property gain an accurate view of what is happening in the UK property market as a whole. To read the monthly fact file, click here.
New Garden Cities are being pushed through by the coalition government in locations across the country, resulting in localised large scale investment. We look at the issues surrounding development proposed for Bicester, North Oxfordshire, the political and fiscal motives and a brief history of the garden city movement… To read the whole article, click here.
Chris Hunt MRICS is a Chartered Surveyor specialising in Property Surveys, Building Surveys, Structural Surveys, House Purchase Surveys, Homebuyer Reports, Major Defects Reports, Home Surveys and Property Valuations, Property Acquisition work, Party Wall work and other professional work throughout Redhill and the surrounding area.
For friendly advice without obligation, please call Chris on
Tel: 01737 455456
Chris undertakes surveys and valuations on period and modern residential properties, including houses, bungalows and flats for property buyers.
New £150m roundabout devastates resident in Clifton, Nottinghamshire as it renders her new £20,000 driveway useless At least one resident has been left devastated by the construction of a new £150 million roundabout in Clifton, Nottinghamshire as it prevents her from ever using her £20,000 driveway… To read the whole article, click here.
A project to build an extra large sewer which will run for some 16 miles (25km) beneath London and the River Thames, was given the official go ahead this month. It aims to stop the 39 million tonnes of raw sewage which floats into the Thames each year from the incumbent overloaded, Victorian era system… To read the whole article, click here.
In this feature, we provide a broad overview of the mortgage market – essential reading for anyone looking to buy a property or operating commercially in the property market. According to the Money Charity, outstanding secured (on dwellings) lending in … Continue reading →