SurveysSurvey Types
Buying a new home is likely to be the most important financial decision of your life. By obtaining your own survey you can ensure that you have a full understanding of what you are buying and that no hidden surprises await you once the keys have been handed over. It is good to remember that mortgage valuation reports are prepared solely for the benefit of the mortgage lender and their only purpose is to ensure that the property has adequate value to cover the amount of the home loan. The inspection for mortgage purposes is very limited, for example, there is no requirement for the surveyor to look in the loft. The RICS have recently rebranded the different types of home surveys that RICS members are able to offer. A survey level 1 is similar to what was previously known as a Home Condition report, a survey level 2 a HomeBuyers report and a survey level 3 a Building or Structural Survey. You can read the survey level definitions by clicking on the tab above. |
Which SurveyLevel 1 survey
Level 1 survey reports are concise and offer the lowest level of detail. We do not provide this service as we have had very little demand. Level 2 survey (previously referred to as a HomeBuyers report) A level 2 survey is based on a thorough inspection of the property. It is less detailed than a level 3 survey and is commonly suited to properties built since 1900 although it is sometimes suitable for those built as long ago as 1850 and before, using standard materials and techniques and that are considered to be in reasonable condition. This type of survey is suitable for most properties. Level 3 survey A level 3 survey is generally more suitable for older or larger properties or those perceived to be in poor condition. This report provides the buyer with a more in depth picture of the property. Detailed advice is included on how to remedy defects and ongoing maintenance issues are addressed. |
