Mortgage Valuation Report (Scheme I)

This is a valuation report for mortgage purposes, intended for use by building societies, banks and other lenders before a loan is made on a property. It is NOT a survey and should not be confused with one, as it is based on a restricted inspection of a property and should only be used as a guide to the value of the property for lenders.

Although the property is inspected by one of our qualified Surveyors, it is not a detailed property review and only major, visible defects will be noted.

Royal Institution of Chartered Surveyors (RICS) Homebuyers Survey and Valuation Report (Scheme II)

This is a more detailed report based on a more comprehensive property inspection. It is produced in a standard RICS format and is designed to be an economical survey which focuses on any problems that could ultimately have a bearing on the value of the property.  The purpose of the Homebuyers Survey is to advise the prospective homebuyer in three ways:

• Make a reasoned and informed judgement on whether to proceed with the purchase
• Assess what would be a reasonable purchase price
• Be clear what decisions and actions should be taken before making an offer

The report covers the interior and exterior of the property, including the site and services, concentrating on any defects and problems which the surveyor judges to be urgent or significant, especially if they affect the present value or future re-sale of the building. The report also looks at general condition and particular features and any specific points which need a referral to legal advisers. There may also be further considerations concerning, for example, safety, location or insurance.

Where the surveyor does not judge a matter as significant, details are not generally included in the report. However, the surveyor may agree with the client to extend the scope of the standard report to include additional material. It should be emphasised that service installations are not tested.