First time buyers in Doncaster who have had an offer accepted on a property, their next job is to arrange a survey to establish the condition of the property and to ensure that it is worth what you are going to pay for it.

If something is found on the survey you are then in a position by law to approach the seller to negotiate a price for the works required.

Property Survey Types

There are 3 main types of property survey available to you:

  1. Mortgage Valuation
  2. Homebuyer’s Report
  3. Full Structural Survey

Mortgage Valuation

This is the basic valuation type and you will be required to pay for a mortgage valuation in order to secure a mortgage offer.

This should not be confused with a full survey. The mortgage valuation confirms to the lender that the property is worth at least what it is lending you.

A Mortgage Valuation will not highlight any repairs that are needed, but it may point out any obvious defects and recommend that you investigate further.  You will be required to pay for this investigation.

Home-buyer’s Report

This survey will cover structural safety and highlights problems, including damp, as well as anything that doesn’t meet current building regulations.

This kind of report will give you an independent report of your property by an expert.

To ensure you are not paying for two surveys it is advisable to ask the mortgage companies surveyor to carry out this report for you. It will usually take a couple of hours to complete.

Full Structural Survey

This survey is advisable for older properties and those of a non-standard construction.

Depending on the property size and type, a full structural survey can take as long as a day to complete.

A full structural survey provides a detailed report on the condition of the property and highlights issues that should be investigated further before going ahead with the purchase. This provides you with peace of mind about the condition of your property.

You can find a surveyor to carry out a Homebuyer’s report or building survey through the Royal Institution of Chartered Surveyors.

Date Last Edited: December 6, 2023