Property Surveys in North London
People often confuse the valuation report undertaken by the lender’s surveyor with a survey. Most mortgage valuations consist of a twenty minute inspection and a report that, at best, will give you a few lines of general advice. It is amazing that so many buyers choose to rely upon such a limited report before buying what is normally their most valuable asset.
If you are in the process of buying a property the two main types of residential survey are The RICS Homebuyer Survey and Valuation or a Full Building Survey.
RICS Homebuyer Survey and Valuation
Commonly referred to as a Homebuyer’s Report this survey was designed by the RICS as a cost effective method of minimising risk. The focus of the report is on the essentials; defects which have a material effect on the value of a property.
The report format is standardised, compact, and easy to understand. It covers the building inside and outside, the services and the site. The report also contains both a current market value and a re-instatement cost for your insurance policy. We can also provide additional services beyond the scope of the standard package, such as a specification for future works, to be used in discussions with a builder.
Building Survey
Previously known as a Full Structural Survey, the Full Building Survey is a very detailed report. We will examine closely the structure and condition of the building and undertake a surface examination of the services.
Some restrictions may still exist to prevent complete inspection (such as fitted floor coverings, limited roof access), but within these limitations, the survey will be complete.
A building survey does not normally include a valuation although it can be included if required.
If you would like further information on either of these surveys do not hesitate to contact us on 020 8360 7615 or use our contact form.
Sample Reports
To help you decide which type of report best suits your needs you can browse through these samples.
Prices for Surveys
Value of Property |
Homebuyer Reports |
Full Building Survey |
Houses |
||
|---|---|---|
Up to £399,999 |
£500 |
£850 |
£400,000 to £599,999 |
£625 |
£950 |
£600,000 to £1,000,000 |
£750 |
£1100 |
Converted Flats |
||
Up to £199,999 |
£450 |
£850 |
£200,000 to £399,999 |
£500 |
£850 |
£400,000 to £750,000 |
£550 |
£950 |
Purpose Built Flats |
||
Up to £199,999 |
£400 |
£850 |
£200,000 to £399,999 |
£450 |
£850 |
£400,000 to £750,000 |
£500 |
£950 |
All fees are subject to VAT at the prevailing rate.
Fees for houses above £1,000,000 and flats above £750,000 can be obtained on application.
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