Mortgage valuation (sometimes referred to as a 'survey')
Only addresses the Mortgage lender's basic questions, to confirm that the property is suitable security for your mortgage. It is not a detailed survey or report on the condition of the property.
HomeBuyer Report
Usually selected by buyers of property in reasonable condition and of standard construction. It is a lower cost alternative to the Building Survey yet still delivers a detailed report on the urgent defects and problems that may affect a property's value.
Building Survey (also known as the Full Structural Survey)
Selected by buyers of older or less conventional property or property that has been extensively modified. This comprehensive Survey includes an inspection into drainage, damp, construction materials and timber. It is an exhaustive study of all major and minor risks and defects within a property that may affect its value.
| Mortgage Valuation | HomeBuyer Report | Building Survey | |
|---|---|---|---|
| For a home purchaser looking for a survey of the property |  | | |
| For a Mortgage lender requiring only a valuation |  |
| Mortgage Valuation | HomeBuyer Report | Building Survey | |
|---|---|---|---|
| Identifies possible problems |  | | |
| Can help you negotiate a better property price | | | |
| Tells you the condition of your property | | | |
| Helps avoid unexpected costly repairs after you move in | | | |
| Easy to understand layout so that you can quickly find the details you need | | ||
| Independent valuation to help prevent overpaying for the property | |
| Mortgage Valuation | HomeBuyer Report | Building Survey | |
|---|---|---|---|
| Report from a RICS Qualified Surveyor | | | |
| Report on construction and condition of property following visual inspection | | ||
| Report on construction and condition of property following visual inspection | | | |
| Clear traffic light rating | | ||
| Highlights hazards/defects needing urgent attention | | | |
| Information for your Conveyancing Solicitor | | | |
| Professional advice on repairs and maintenance | | | |
| Building reinstatement costs for insurance purposes | | ||
| Suitable for properties 1850 to date and standard construction | | | |
| Suitable for an older or extensively modified building or one in need of modernisation | |
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