WHAT LEVEL OF SURVEY DO I REQUIRE?

The Home Condition Survey (HCS) is a survey that is suitable for all property types as it includes a full inspection and a comprehensive report. Home Condition Surveys cost between £450-£700 depending on the complexity of the property.

A Building Survey (BS) is ideal for older or more unusual properties, or properties where problems are suspected or if you're planning any major works. This report includes all the elements of a HCS as well as a more in-depth analysis of the property's condition. It also includes advice on repairs and will tell you the likelihood of what will happen if you do not do the repairs. Building Surveys cost between £650-£1600 depending on the complexity of the property.

I AM HAVING A MORTGAGE VALUATION; DO I STILL NEED A SURVEY?

A mortgage valuation is not a survey.

If you are buying with a mortgage you will be required to have a valuation arranged through your lender. Its main purpose is to protect your lender and ensure the property is worth more than the amount they are lending.

Although the valuation report may offer some information about condition this will only be where it affects the value of the property.

The Valuer does not look in the loft or lift drain covers for example and is typically at the property for less than 30 minutes.

For a comprehensive report you require an independent Survey such as a Home Condition Survey or Building Survey. The Surveyor will be at the property for at least 3 hours and will provide you with a detailed report about the condition of the property you are buying and any potential problems.