wHICH SURVEY dO i NEED?
Choosing the level of survey that's right for your requirements isn't always easy. However, for most people buying a property is the most important purchase they will make, so its important to get it right.
At Timothy James we are committed to offer what we consider to be the most comprehensive survey we can. Every one of our surveys includes the premium features outlined below
What Are Surveys For?
Valuations that are carried out on the behalf of your mortgage lender are primarily to determine the amount and terms of a mortgage offer, they are not a detailed survey of the property.
The Council of Mortgage Lenders state the following on their website (www.cml.org.uk) - "The lender's valuation is not an extensive survey and will not necessarily identify all the repairs or maintenance that might be needed. For a full picture of the property's condition you should consider having a complete building survey or a mid-range "home-buyer's report" carried out"
At Timothy James we do not undertake valuation work and recommend one of the following type of surveys are carried out.
Types of Surveys...
A Condition Report purely describes the condition of the property with a summary of the potential issues. We have taken the decision not to offer this type of survey as it does not allow us the time or scope to effectively investigate the potential issues properly
A Homebuyer Report is a more detailed survey than the Condition Report and provides a concise report using a simple 'traffic light' rating to highlight the condition of the building and highlight any significant problems that could affect the property
A Building Survey is suitable for all residential properties providing a detailed report on their construction and condition. The additional time we can spend on a full Building Survey enables us to ensure that any issues found can be investigated and explained to you properly