• A survey is a detailed inspection of a property’s condition.

  • The surveyor inspects the property and flags any structural problems like unstable walls or faulty wiring.

  • A RICS qualified surveyor will carry professional indemnity insurance (this is important).

  • The cost of it would need to be covered by you and depends on the property.

A little more detail

Your mortgage lender will conduct a valuation on your property to check it’s worth what you’re paying for it. But a mortgage valuation is not a survey!

The two most common types of survey are called a Homebuyer Report and a Building Survey. A Homebuyer Report is usually fine for standard homes built in the last century.

Make sure to tell your surveyor if you have any particular concerns about the property.

Peace of mind

A survey is optional. But they can help you avoid expensive surprises and give you peace of mind.

Also remember that your solicitor won’t be visiting the property, so a surveyor is also there to look for potential legal issues. Anything from unauthorised building works or restricted access will be noted in your surveyor’s report and can be shared with your legal advisor.

Consider a survey if:

• You have any worries about the property

• You are buying an old or unusual property

• The property has a thatched roof or is timber framed

• The building is listed If you’re unsure, discuss your options with your surveyor.

When applying with Generation Home, we can arrange for this property survey to be done at the same time as our mortgage valuation.

You are welcome to arrange your own Homebuyers Report with another surveying company if you wish.

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