Why do you need one ?

In order to reach a decision on whether or not to proceed on a purchase of a residential property, it is advisable to have a survey and valuation carried out. It may be that you are having a Mortgage Valuation carried out, however this is prepared only for the lender, and therefore should not be relied upon by any purchaser. It only deals with general aspects of the property in relation to it's security for your mortgage. It will not provide information on any material defects that may exist, or major repairs that may be required to the property.

The Homebuyer Survey & Valuation is in standardised format as set out by the RICS, and is intended for houses and flats which appear to be in reasonable condition and are not unusual in any terms of construction or other aspects. It provides a focus on essential repairs that are urgent or significant, and also information which may have a material effect on the value. The report is generally priced lower than a Building Survey.

For more information on the RICS Homebuyer Survey & Valuation, call Michael Charles on 020 8204 9160 or email us on info@michael-charles.co.uk.