Survey & Valuations
Brennan Ayre O’Neill’s experienced Chartered Surveyors offer a wide range of professional services throughout the Wirral, Liverpool and Cheshire areas.
Here you will find an overview with further detail provided below,
- RICS HomeBuyer Report
- Building Surveys
- Help to Buy Valuations
- Private Valuations
- Court Compliant Valuation Reports in connection with legal proceedings for matters such as: Divorce, Alleged Surveyors Negligence, Proceeds of Crime Act etc.
- Expert Witness Reports (Party Expert or Single Joint Expert)
- Bank/Building Society and Mortgage Valuations
- Valuations for Probate, Capital Gains and Inheritance Tax purposes
- Development Consultants & Land Valuations
Phone or email John Williams FRICS, MEWI to discuss your requirements and obtain a free no obligation quote john@b-a-o.com / 0151 343 9060
Do I need a survey when buying a property?
The short answer is yes. For the home buyer, we offer a range of reports prior to purchase dependent on your individual requirements and budget. Buying a home is one of the most important purchases you are ever likely to make and therefore you need to know as much about the property and its condition as you can before you decide to buy.
It is a popular misconception that a mortgage valuation is a survey. It is in fact prepared for your lender to help them decide if the property you are buying provides suitable security. It will not provide you with information on the condition of the property or whether there are defects requiring additional expenditure.
The Council of Mortgage Lenders strongly advises that you have a survey carried out prior to proceeding with a purchase. The services we can provide for the home buyer are as follows: -
- Valuation Report
- RICS Condition Report
- RICS Homebuyer Report
- Building Survey (formerly known as the structural survey)
- Valuation Report
The Valuation Report
This is a brief report which determines the Market Value of a property. The report will include a brief overview of condition but does not provide detailed commentary on its condition. A report such as this may be useful if you wish to determine whether the price you are paying for a property is reasonable.
RICS Homebuyer Report
The RICS Homebuyer Report provides a buyer with more extensive information on the property being purchased.
The report provides comment on the construction and condition of the property, highlighting any major risks and legal issues. It contains all the features of the RICS Condition Report and also Includes an opinion of the Market Value of the property along with an insurance re-instatement figure. Additional advice is provided on repairs and ongoing maintenance and energy efficiency information is recorded (where available). There is also a section which provides you with advice for your solicitors with a summary of the key risks associated with purchasing your new home.
Again, the RICS Homebuyer Reports uses the easy to understand red, amber and green 'traffic light' system to rate the condition of various parts of the property and highlighting any areas needing further investigation prior to exchange of contracts. For more information on helping you choose the right survey, click here.
Building Survey
This was formerly known as a structural survey and is the most detailed report available. This report is normally suitable for large, older type properties or dwellings where major alteration works are planned. It includes a thorough inspection and detailed report on a wide range of issues including a description of visible defects and potential problems caused by hidden issues. In some cases, estimates of the cost of rectifying defects can be provided. A building survey does not normally include a valuation figure.
For more information on helping you choose the right survey, click here.
John Williams is a Member of the Expert Witness institute https://www.ewi.org.uk
