Moving home – focus on surveys
At Andrew & Andrew, we want to help you have a smooth journey towards your new home. There are lots of details that need attending to during a move. We can help take some of them off your hands when acting as your conveyancing solicitors in Portsmouth.
We offer a comprehensive package when acting as your conveyancing solicitors in Portsmouth. We liaise with your mortgage lender, other solicitors and the land registry, and so on, to compile all the details you need to buy your new home.
Your mortgage lender will have your new home valued to ensure that it is worth the price you are paying for it. They have a vested interest in the property because they are lending you the money to pay for it. You can go ahead with the purchase without any further survey, but you run the risk of purchasing a property with hidden problems. At Andrew & Andrew, we strongly recommend that you get a more comprehensive, independent survey of your own.
How do you find a surveyor?
When acting as your conveyancing solicitor in Portsmouth, we can recommend some local professionals that we have worked with in the past. However, you can also find your own surveyor through the Royal Institute of Chartered Surveyors.
What type of survey do you need?
This depends on the type of property you are buying and how much you are willing to spend. If the survey turns up an issue that is prohibitive to the sale and you decide to pull out, you cannot reclaim the money you spent on the survey. However, this is much less costly than purchasing a property and then finding out there are issues later on. The types of survey are:
- RICS Condition Report – the most basic report. Recommend for new-build and standard homes;
- RICS Home Buyer Report – structural report that looks at the superficial details;
- RICS Building Survey – a thorough report for larger properties or those where some problems might be expected;
- Building or full structural survey – the most comprehensive report for older buildings;
- New-build snagging survey – a comprehensive check to ensure that a recently built home has been completed to a high standard.