Ashford: 01233 733900


Valuations and Surveys

Why have a valuation and/or survey?

Why not? It is fundamental that you know what you are buying or what your property is worth. A property is only worth what someone is willing to pay for it and to the naked eye, can you see whether there are any defects?

The valuation and survey process is a vital tool for you. It may highlight costly repairs that are necessary when moving to your new house and assists in avoiding any surprises when you move in. The survey may highlight any damp and timber defects which are common problems spotted by the surveyor. Other problems highlighted could include electrics, heating systems, roofing, joinery or structural movement. After the survey you can gain estimates of works that are needed and use these to your benefit to renegotiate the purchase price.

Three Types of Survey – Which one is right for you?

  • Mortgage valuation
  • Homebuyer Report and valuation
  • Buildings survey/Full structural survey

Mortgage Valuation

This is a requirement of the bank or building society and is mainly for their benefit. This is typically paid for by you but used by the mortgage lender to establish if your current home/new home is suitable for them to lend money against. The valuation report is limited and primarily reports the value of the property. It may touch on any works that are needed, but not in any detail.

Homebuyer Report and Valuation

The Homebuyer Report is more detailed then the basic valuation report. It is designed to report to the purchasers useful information such as:

  • Overall condition of the property.
  • Identifying any significant and urgent repairs that may be needed.
  • Maintenance requirements – immediate or ongoing.
  • Current value of the property in its present state.

This type of report is more expensive than the valuation for mortgage purposes. The lender will often carry out a Homebuyers Report at the same time as the basic valuation for mortgage purposes.

Consideration of the property type and condition should be taken into account when considering this option.

Building Survey/Full Structural Survey

This is the most expensive form of survey and is carried out independently of the basic valuation for mortgage purposes.

The survey is the most comprehensive report available and is suited to properties with unusual construction, that are very old or larger than most. We recommend that you discuss your requirements directly with the valuer if you wish them to concentrate on a particular part of the property. Any investigations are more comprehensive and technical and can sometimes include tests on plumbing, heating, drains and electrics.

With our expert experience we can guide you through which type of valuation or survey is best suited to your needs. This is typically done during the mortgage application process. We can arrange for a Chartered Building Surveyor to contact you if you are looking to arrange a Full Structural Survey.

Valuations and Surveys are not regulated by the Financial Conduct Authority. The services offered on this page are not provided by, or are the responsibility of Intrinsic Financial Services.

Are you protected Calculators Testimonials
How much do you want to borrow?