A valuation is not a survey
If there’s one misunderstanding we deal with daily, it’s that many mortgage applicants expect our valuer to conduct a survey when, in reality, he/she is there to carry out a mortgage valuation.
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RICS Condition Report
What is it?
- A clear and concise ‘snapshot’ of the condition of the property you’re thinking of buying
- A summary of the main risks associated with the purchase
- A survey report that provides important guidance at an affordable price
- Your survey report, prepared independently for you, not your lender.
What's included?
The RICS Condition Report provides you with important information not covered by a mortgage valuation. It includes an inspection of all aspects of the property you’re thinking of buying, identifies the risks and legal considerations, and includes a section of advice for your solicitor.
The report uses a simple traffic light (red, amber, green) colour code to rate individual elements of the property and highlights any areas of concern.
An overview provides you with information on the construction of the property, details of any serious problems that require attention, and details of anything that should be investigated before you commit to the purchase.
Click here to read the RICS’ description of a Condition Report.
Is a RICS Condition Report right for you?
To make sure that our RICS Condition Report is the right report for you, click to view our helpful product comparison guide.
Are you buying a leasehold property?
Take a look at this advice from RICS regarding the purchase of leasehold properties.
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If you have any questions about our RICS Condition reports,
please call one of our experts free of charge:
0800 169 9661
Advice for home buyers:
How many times should I view a house before buying?
While there’s no one-size-fits-all answer, it’s advisable to view a property more than once before taking the plunge. Here we’ll take you through some of the things to think about to help ensure you’re making an informed decision on your property purchase.
Homebuying: 6 things to consider when choosing where to live
Buying a house is expensive, but the more thorough your checks on your chosen area, the more likely you are to find somewhere you love and won’t want to abandon.
Fast and efficient. Thorough survey and great customer service from the sales team and surveyor himself who phoned before the survey to check for any particular areas for concern.
