In short, NO !
A mortgage company will have a valuation on the property this is there to protect them, that’s all so that they can make the commercial call on the lending of finance.
Is a valuation a Survey? is a question we are often asked.
It does not give you a condition report or advise of changes with the property and how they may impact on you or advise in any way remedial works needed that could down the line cause you problems and expense.
Get your own Kent Property Survey – It is money well worth spending
See the graphic below to see what you get when the Lender Surveyor comes to view the house.!!! its not a lot
FEATURES | Home Buyers Survey LEVEL 2 | Building Survey LEVEL 3 | Your Banks Mortgage Valuation |
Help you make a reasoned and informed decision as to whether to proceed, reconsider or renegotiate on the purchase | but is only for the lenders benefit | ||
Identify potential problems such as any repairs or replacements the property needs including inspecting roofs, chimneys and other surfaces on the outside of the building from ground level | |||
Can help you negotiate a better property price, Where problems are discovered or a lower valuation is given, buyers are enabled to negotiate a lower buying price | |||
Show traffic light ratings which give you a green/amber/red condition of your property in an easy-to-understand format | |||
Prepare you for potential costly repairs after you move in | |||
Completed by a Qualified Surveyor. All Surveyors are fully qualified and highly experienced and Independent meaning you get a truthful Survey with now other agenda than giving you the information you need to know. Surveyors are Members of RiCS, and RPSA | |||
Appropriate for all properties a suitable survey, irrespective of age, construction type, condition and level of modification | |||
Advice for your Solicitor - Observations that may impact the legal title investigation conducted by your solicitor. | |||
Independent valuation - gives you a professional valuation of the property, helping prevent you from paying too much for the property | Optional - Additional Fee | Optional - Additional Fee | |