There are three types of survey available when you are buying a house. It can be difficult to know which one to choose, so here are some guidelines to help you decide whether you need a structural survey.
The three types of survey
The basic survey
You will need this type of survey if you are applying for a mortgage. Although you will have to pay for it, the survey is completed for the mortgage lender and you have no point of recourse if anything is missed.
The homebuyers survey
This is a good middle-ground option. The surveyor will carry out a more thorough survey; for example, they will climb a ladder to check the loft. If anything is missed, you are eligible to complain, as this survey is carried out for your benefit.
If you are buying a flat, this is the top level of survey you can request. A structural survey can only be carried out if the surveyor can access the whole building rather than just the part of the building you are buying.
The structural survey
This will check everything and leave no stone unturned. You will be provided with a very detailed report about the state of the property and the surveyor’s recommendations regarding any work that may need to be carried out. If there are a lot of issues, this can be a good reason to start negotiating a reduction in price with the seller or decide to walk away from your purchase altogether.
When do you need a structural survey?
– If you have any concerns. You may want an in-depth survey if you have noticed any issues with the property that you have concerns about.
– If the property is more than 10 years old. The older the property, the more likely it is that there are problems and work will need to be carried out. If the property is less than ten years old, you should be covered by the builder’s NHBC guarantee, which is a type of warranty for new-build properties. If no such guarantee is in place for a new-build house, you may wish to reconsider your purchase.
– If a conveyancer’s search brings up anything untoward. As an example, a reputable conveyancer such as Sam Conveyancing will be able to tell you if your property was built on land you should be concerned about. A building survey London is just one of the things your conveyancer will be able to advise you on. They can also help you to decide on the level of survey you need.
Armed with an overview of each type of survey, you can make an informed decision. Happy house hunting!