What Is a Mortgage Valuation? A mortgage valuation is carried out for the lender, not the buyer. Its purpose is to confirm that the property is worth the loan amount. It usually includes: What Does a Property Survey Do? A property survey protects you, the buyer, by assessing: The Key Difference A valuation protects the … Continued
What Is a Snagging Survey? A snagging survey identifies defects, poor workmanship and unfinished work in new-build properties so developers can fix them within the warranty period. What Does a Snagging Survey Check? Inspectors typically review: When Should You Book One? You can book a snagging survey: Early inspections maximise your protection. Why New-Build Homes … Continued
What Is a Level 1 Condition Report? A RICS Condition Report (Level 1) offers a basic overview of a property’s condition using colour-coded ratings. It identifies visible defects but does not provide repair advice or investigate structural issues. What Does It Cover? The surveyor visually inspects: It’s quick, affordable and ideal for straightforward purchases. When … Continued
What Is a RICS Level 3 Building Survey? A RICS Level 3 Building Survey, previously known as a Full Structural Survey, is the most comprehensive property survey available in the UK. It is designed for buyers who need a deep understanding of a property’s structure, condition and long-term risks. What Does a Level 3 Survey … Continued
What Is a RICS HomeBuyer Report (Level 2)? A RICS HomeBuyer Report, also known as a Level 2 Home Survey, is one of the most popular property surveys for UK homebuyers. It provides a clear, professional overview of a property’s condition before you commit to purchase. It goes far beyond a mortgage valuation, highlighting defects, … Continued
