Scheme 2 - Homebuyer Report and Valuation

This type of report is much more detailed than the mortgage valuation and focuses on essentials, defects and problems which are urgent or significant and thus have an affect on the value of the property. The Surveyor's main objectives in providing the service are to give guidance on value and to assist the prospective home buyer to

• make a reasoned and informed judgement on whether or not to proceed with the purchase
• assess at what price it would be reasonable to purchase the property
• be clear what decisions and actions should be taken before making an offer to purchase

The Surveyor will also give a professional opinion about the particular features of the property which affects its present value and may affect its future resale. The report covers the building inside and outside, the services and the site. (Noted: services are not tested). It focuses on the defects and other problems which the Surveyor judges to be urgent or significant. It also covers:

• general condition and particular features
• particular points which should be referred to your legal advisers
• other relevant considerations concerning for example safety, location or perhaps insurance.