Why do I need a survey
A home is the most expensive purchase most people ever make, therefore it is essential to ensure you know its true condition and obtain some independent advice before you proceed with your purchase.
A recent report from the RICS found that 1 in 5 homebuyers were under the misconception that a mortgage valuation was a survey, when it is only a very short report based on a brief inspection of about 20 minutes, or increasingly, a mere drive by inspection.
Furthermore both the Which? magazine and the Council of Mortgage Lenders recommend that purchasers should commission a survey report. In addition, The Money Advice website says that a survey can avoid the stress and cost of unforeseen defects.
This was echoed in the RICS report which showed that quarter of all house buyers who did not have a survey faced unexpected repair bills upon moving into their new property.