Valuation for Mortgage Purposes
A Valuation for Mortgage Purposes is not a survey. It's based on a limited
inspection to confirm its Market Value. This report is designed for the lender
only although you would normally receive a copy. In most cases you would also
be expected to pay for this.
Please note that if you proceed with a Valuation for Mortgage Purposes it may
not mention matters that could affect your decision to buy.
Home Buyer Survey and Valuation (HSV)
This type of survey is generally suitable for conventional properties in type
and construction built within the last 150 years, which are in reasonable
condition. It focuses on essentials and points to any defects or problems which
are significant or in need of expert attention.
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Building Survey
This is suitable for all types of property and is especially recommended for:
• Listed buildings
• Older properties
• Buildings constructed in an unusual way, however old they are
• Properties you plan to renovate or alter in any way
• Properties that have had extensive alterations.
It examines all accessible parts of the property - and you can ask to have
specific areas included, so it covers any particular concerns you have about
the building. It is a product which can be tailored to your needs, agreed
between you and your surveyor.
The FSA does not regulate conveyancing services |