Whether you need a mortgage or you are a cash buyer, you will want to make sure that the property you buy will not give you any nasty surprises. You cannot rely on a mortgage report to give you a detailed picture of the condition of your property.
Both the Council of Mortgage Lenders and the Consumers’ Association recommend that you obtain an independent survey by a chartered surveyor.
Choose this report if you need more extensive information whilst buying or selling a conventional house, flat or bungalow, built from common building materials and in reasonable condition.
Choose the Building Survey (formally called a structural survey) if you’re dealing with a large, older or run-down property, a building that is unusual or altered, or if you’re planning major works. It costs more than the other RICS reports because it gives detailed information about the structure and fabric of the property.
The RICS Building Survey uses the same traffic light ratings as the Condition and HomeBuyer Reports. It also includes;