mortgage survey reports

A valuation is not a survey

A survey should not be confused with a mortgage valuation report. The mortgage valuation will give your mortgage lender assurance for its loan. It will not give you an assessment of the condition of the property, or advice about repairs and maintenance.

According to a recent reports from home buyers, of the one in four who relied solely on a mortgage valuation report 25% needed to undertake unplanned work in the first year, Amounting to an average cost of over £1,100.

(RICS/GfK NOP Business research).

 

Even if you are looking for a mortgage and, as a result, may be paying for a mortgage valuation report, it is still recommended that you arrange

a survey by your own surveyor.

 

For your free copy of our comparison booklet, please complete the “survey enquiry form”.

Survey booklet request button

Japanese knotweed (Fallopia japonica) is causing some concern with some lenders and valuers. Some weeds are invasive and can grow through the brickwork of a property causing severe damage, as with the case of the Japanese knotweed.

Japanese knotweed was introduced to Britain in the 19th century as an ornamental plant but it has become widespread. Japanese knotweed can grow through concrete and tarmac, the plant can grow a metre in a month and a 1cm section of underground stem can produce a new plant in 10 days!! These stems can remain dormant in soil for 20 years before producing new plants.

With lenders reviewing the policy on Japanese knotweed it could now be a case that the lender will not go to offer, however some lenders will consider going to offer if you have the Japanese knotweed eradicated and can provide a certificate of guarantee for a minimum number of years.

If you think you might have Japanese knotweed you should Contact the professionals. Members of the Invasive Weed Control section of the PCA are qualified and regulated in Japanese Knotweed management and can deliver efficient, effective and reliable treatment.

Do not ignore Japanese knotweed when you see it in your garden or building plot. It can grow quickly and costs will grow as the plant does. If you want information on Japanese Knotweed, a good first step is to read through the Environment Agency Guide – Vegetation Projects.

Mortgages
life insurance
home insurance
equity release

We offer whole of market advice for all types of customers, whether you are a first time buyer, home mover or looking to purchase a buy to let property. Being independent we are able to offer impartial advice from the whole of the market to ensure you get the product that suits your financial needs.

Whether you are looking to protect your mortgage payments or your family, we provide independent advice for life insurance, critical illness cover and income protection from a wide range of providers.

Buildings Insurance is a requirement when you complete on a mortgage the cover is to provide security to the lender, the insurance covers the main structure of your home. It will cover you for subsidence, storm, flood, fire or smoke damage and cover the costs of rebuilding or repair.

Equity release is a way of releasing cash from your property, either through selling a percentage to the reversion company or taking a mortgage on it, while allowing you, the homeowner to continue living there as long as you wish.