Since buying a home is probably the biggest financial decision you’ll ever make, you need to make sure it’s right.
Even so, many buyers rely upon a mortgage lender’s valuation report alone. The problem for purchasers is that lenders only want this kind of valuation to confirm that the property is worth the amount they’re lending. Lenders do not need a valuation based upon a full survey and the report is unlikely to include details about potential or existing structural problems – issues that could cost a fortune to correct.
Relying upon such a limited check has some risks for the lender – but these are relatively insignificant compared to a purchaser’s exposure. In fact, UK Finance advises buyers to “consider having a ....home-buyer’s report carried out”.
Make an informed decision – with Valunation
Valunation, the residential surveying division of the Spicerhaart Group, gives you the chance to opt for a professional survey that’s completely independent of your mortgage provider.
Operating around the country, our 85-strong team of fully qualified surveyors are all members of the Royal Institution of Chartered Surveyors (RICS). and RICS Registered Valuers. Here’s a profile of one of them, Michael J. Carter.
To help you make a more informed decision about your potential property purchase – and avoid any expensive surprises once you’ve moved in – we can provide a:
But which survey should you go for? Check out the at-a-glance guide.
As RICS members, our surveyors adhere to all the latest industry standards and adopt best practice. What’s more, external assessors check that our work complies with the strictest ISO 9001:2008 Quality Assurance standards.
As an RICS Regulated firm, Valunation operates its own complaint handling procedures. If we are unable to agree on how to resolve a complaint, personal customers have the opportunity to refer their complaint to the Ombudsman Services: Property, PO Box 1021, Warrington, WA4 9FE.
In addition to the RICS surveys and reports, and market valuations, Valunation can provide you with a:
