This new product has been developed to offer you an economic report that provides you with important information that a Mortgage Valuation does not.
The Condition Report gives you a clear picture of the condition of the property you are buying and is at the lowest end of the scale, both in terms of cost and the level of inspection.
It is intended for use on conventional houses, flats and bungalows that are built from traditional materials and are in apparently reasonable condition.
Mortgage Valuations are not the same as surveys. The Condition Report gives a clear and concise “snap shot” of the condition of your potential purchase on the date of inspection. This is your survey report, prepared independently for you and not your Lender.
The Condition Report is a survey which includes an inspection of your home. There is also a section which provides you with advice for your Solicitors with a clear summary of the key risks associated with purchasing your new property. The report uses a simple traffic light (red, amber, green) colour coding system to rate individual elements of the property and highlight any areas of concern. The report covers all aspects of the property, risks and legal considerations.
Condition Rating 3
Defects that are serious and/or need to be repaired, replaced or investigated urgently.
Condition Rating 2
Defects that need repairing or replacing but are not considered to be either serious or urgent. The property must be maintained in the normal way.
Condition Rating 1
No repair is currently needed. The property must be maintained in the normal way.
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The construction and condition of the property on the date it was inspected. |
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Any defects that need urgent attention or are serious. |
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Things that need further investigation to prevent serious damage to the fabric of the building. |
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Defects or issues which may be hazardous to safety and where further enquiries are needed. |
Due to the individual nature of the Condition Report it is not possible to give any guidance on costs, as it is with the Homebuyers Survey and Valuation reports. The fee will vary according to the size, value and location of the property and the extent of the report required.
We strongly recommend that you obtain either a Home Buyer Report or a Building Survey to give you a more detailed inspection of the property.
One of our qualified surveyors will be pleased to discuss your individual requirements and quote the appropriate fee.
Contact UsBelow we present you with sample reports to show the information contained within the surveys we produce. Please click on the report you would like to view (opens up in new window).
