The purchase of a new home or other property type, can be a stressful and un-nerving experience. WATTS || HOLT have decades of experience to help and guide you.
When a mortgage is required to purchase a property, the lender will have their own valuer visit to ensure that their loan is adequately secured. People often confuse this brief valuation report with a survey but they are very different.
Most mortgage valuations consist of a twenty-minute inspection and a report that, at best, will give you a few lines of general advice. however, the main purpose of these inspections is to protect the mortgage lender against risky lending
A building survey will allow you to enter in to the purchase with your eyes open, instead of just to relying on a valuation.
A survey can save you money. If problems are highlighted that you could not have been aware of when your offer was agreed, you should be able to re-negotiate the sale price to reflect the cost of necessary repairs. Of course, you may decide that you don’t want to buy it at which is common.