Property Surveys in North London

People often confuse the valuation report undertaken by the lender’s surveyor with a survey. Most mortgage valuations consist of a twenty minute inspection and a report that at best will give you a few lines of general advice. It is amazing that so many buyers choose to rely upon such a limited report before buying what is generally their most valuable asset.

If you are in the process of buying a property the two main types of residential survey are The RICS Homebuyer Survey and Valuation or a Building Survey.

RICS Homebuyer Survey and Valuation

Commonly referred to as a Homebuyer’s Report this survey was designed by the RICS as a cost effective method of minimising risk. The focus of the report is on the essentials; defects which have a material effect on the value of a property.

The report format is standardised, compact, and easy to understand. It covers the building inside and outside, the services and the site. The report also contains both a current market value and a re-instatement cost for your insurance policy. We can also provide additional services beyond the scope of the standard package, such as a specification for future works, to be used in discussions with a builder.

Building Survey

Often mistakenly referred to as a Full Structural Survey this is a very detailed report. We will examine closely the structure and condition of the building and, in some cases, may recommend specialist reports for drainage, electrical systems, central heating and timber diseases.

Some restrictions may still exist to prevent complete inspection (such as fitted floor coverings, limited roof access), but within these limitations, the survey will be complete.

A building survey does not normally include a valuation so you should request this at the time of instruction if required.

If you would like to further information on either of these surveys do not hesitate to contact us on 020 8360 7615 or by e-mail