Home Buyer Reports Offer Protection than Mortgage Surveys

Before you can purchase a property, mortgage lenders require an independent survey be conducted to determine the valuation. This helps them to decide how much they are willing to lend you based on the collateral the building offers. Buyers have to pay the cost of the survey but the documentation will be owned by the lender so if anything is missed in terms of the condition you can’t claim liability on the part of the surveyor.

With the cost of the mortgage valuation many buyers are better off paying slightly more and getting a full home buyer report or structural survey done. Both of these options provide more protection and mean the surveyor is liable if a full picture of the property’s condition is not provided. Each of them also takes a much closer look at the property so you’ll have more details to base your decisions whether to buy and how much to pay on.

The best surveyors conduct detailed reports and provide evidence because they could be liable for errors that aren’t found. This means they have the motivation to look at properties closely and do the best job they can. Parts of the property that aren’t looked at will be noted on reports and recommendations provided for additional checks and tests. Information about any repair work and a ranking of how urgent it is should be provided. Some providers also offer estimations for the repair costs.

We are committed to offering impartial property surveys and reports, and can offer you a full and comprehensive home buyer report in Reading or any of the surrounding areas. We can be on hand to examine a building at short notice and can have the report ready a short time after the site visit. We understand the importance of speed when it comes to buying a property, especially when it is in a high demand area, and will ensure we keep delays to a minimum.

All of our reports are presented in the standard RICS format. We follow professional guidelines at all times and strive to ensure we provide the best level of service possible. Make us your number one choice when you are in need of a suitable home buyer report in Reading.