Valuations on residential property are required for a variety of purposes including mortgage, re-finance, probate, dispute resolution and expert witness. Our 4 Chartered Surveyors are all RICS Registered Valuers and are able to undertake valuations for all purposes on all types of residential property, including development sites.
A house purchase is likely to be the biggest purchase you make in your lifetime. It is therefore advisable that before you are legally committed to a property purchase, that you instruct a RICS qualified Surveyor to carry out an independent survey on your behalf.
In addition to confirming that the price being paid is in line with market value, the report can help to identify any structural issues or urgent items of repair that require attention, giving you the necessary assurance prior to progressing which is not always required as part of a mortgage valuation. Commissioning a survey is an economical way to avoid unpleasant and costly surprises when you take ownership and allows you to understand any existing defects and provides some leverage for re-negotiation of the price.
Usually provided for banks, building societies and financial institutions, Level 1 valuations are used to assess whether a property is suitable security for lending purposes. This level of report would usually consist of:
For this type of report, the surveyor is only required to comment on visible parts of the building fabric and therefore will not force open or uncover any other parts of a building. Recommendations for further investigation by third party contractors may be stated within the report.
Bramleys can provide a more in-depth valuation that will give you further assurances on the purchase of your chosen property.
To conduct the survey, our RICS qualified surveyors will inspect all accessible areas inside and outside the main building and all permanent outbuildings.
The report will include, but is not limited to,
Each section of the report will provide you with the construction of the element, the condition and advice as to whether any remedial works are required. The report uses a traffic light system to help to avoid the over use of technical jargon, allowing you to clearly see which elements require immediate attention.
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