Harrison Murray Surveyors - Residential Surveys

<%@LANGUAGE="VBSCRIPT" CODEPAGE="1252"%> Harrison Murray Surveyors - Residential Surveys

RESIDENTIAL

COMMERCIAL

CONTACT DETAILS

Part of the harrison murray group
www.harrisonmurray.co.uk
www.hmexclusive.co.uk
www.hmlettings.co.uk
www.hmfranchise.co.uk
www.themortgageadvicecentre.co.uk

Choosing between Surveys & Valuations

Surveys are designed to give you the information you need tomake a formal and sensible offer on a home. Both the Consumer Association, who publish the Which? Magazine, and the Council of Mortgage Lenders advise you to arrange a survey before buying a property.

Commissioning your own survey is the best way to avoid unpleasant and sometimes costly surprises after moving in.

Valuations

A Valuation is an inspection carried out on behalf of your Mortgage Lender to determine the amount and terms of a mortgage offer. Your Mortgage Lender will probably ask you to pay for the Valuation and may send you a copy of the Report.

A Valuation is not a Survey. It is a limited inspection to identify problems that affect the security of your Mortgage Lender's loan. A property can have defects that are important to a prospective buyer, but are not of concern to the mortgage lender. Therefore they will not appear in a Valuation report.

Do not rely on a Mortgage Valuation

Surveys

You should have a Survey carried out on the property you intend to buy and carefully consider its results before committing yourself to a contract.

Depending on the seriousness of any defects and the cost of any necessary repair works, you could try to renegotiate the purchase price or decide not to purchase the property at all.

Homebuyer Survey & Valuation (HSV)

An HSV is a concise report carried out in a standard format as designed by the Royal Institution of Chartered Surveyors (RICS) and is suitable for properties built within the last 150 years or so, which are in apparently reasonable condition and conventional in type and construction. An HSV is not a detailed survey of every aspect of the property.

It focuses on essentials; significant and urgent matters. The following information will be included:

The general condition of the property, and any significant defects which may affect its value and future resale.
Urgent and significant matters that need assessing before Exchange of Contracts, including recommendations for any further specialist inspections.
Particular points which should be referred to the client's legal advisers and other relevant considerations concerning, for example, the location.
The market value of the property.
The recommended rebuilding cost for insurance purposes.

The HSV is priced to mid-range; more expensive than a Valuation but less than a Building Survey. Click above for more information

Building Survey

A Building Survey is a comprehensive report, suitable for all properties, but particularly older properties, those in an apparently poor condition, any building constructed in an unusual way, properties you are planning to renovate or alter, and properties which have already had extensive alterations. A Building Survey involves a detailed examination and reports on all accessible parts of a property. It can be tailor-made to suit your individual needs and concerns.

Our Building Survey will include the following information:

Major and relatively minor faults.
Results of testing walls for dampness and evidence of damage to timbers including woodworm and rot.
The implications of any defects with advice on those matters which should be dealt with as priority.
Recommendations for any further specialist inspections.
Technical information on the construction of the property.
The market value of the property.
Illustrative photographs