Survey or Valuation ? You may be unaware that when you apply for a mortgage, unless you make a specific request for a survey, the lender will only obtain a valuation since that is all they require to be able to offer you a mortgage.

It is a disturbing and little known fact that about 85% of all purchasers who require a mortgage actually buy a property relying on a mortgage valuation….. the vast majority believing that a proper survey has been carried out!

The valuation that your lender requires, is a simple assessment for lending security purposes and is not a thorough examination of the condition of the building. The cost of a Homebuyers Report or Home Condition Report is a very worthwhile investment and can reveal defects which could affect the amount paid for a property.

A Home Condition Report is a new type of survey specifically designed for use by the seller of a property and promises to be invaluable in reducing problems involved in the normal transaction process. For more information please click on the following link -  www.homeinformationpacks.gov.uk

Call us for a quotation – no obligation, just good advice! Click here to see a Description of the Homebuyer Service