When you have an offer accepted on a property, your next job will be to arrange a survey. A survey will establish the condition of the property and ensure that it is worth what you are going to pay for it.
You will be required to pay for a mortgage valuation in order to secure a mortgage offer. A mortgage valuation confirms to the lender that the property is worth what you are paying for it. A mortgage valuation should not be confused with a full survey as it will not highlight any repairs that are needed but may point out obvious defects.
This survey will cover structural safety and highlight any obvious major problems including obvious rot, damp, subsidence etc. To ensure that you are not paying for two surveys, it is advisable to ask the mortgage companies surveyor to carry out the report for you.
Full Structural Survey
This survey is advisable for older properties and those of non-standard construction. Depending on the property size, full structural surveys can take up to 1 day to complete. Your full structural survey will provide a detailed report on the condition of the property, giving you peace of mind about your purchase.
Depending on the type of property you are buying we’ll help you decide which survey to choose, it’s all part of our service.
Let’s get mortgaging!
Call us for you free consultation 8am to 10pm