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If either the valuation or the survey reveal problems then you'll have to slam the brakes on your homebuying process.
If this happens you could use it as an opportunity to renegotiate the price with the sellers. (Any other buyers may well come up against the same problem, though not necessarily, as different valuers/surveyors will have different opinions).
If the sale falls through then comfort yourself that you've been spared a future nightmare of building work.
If the surveyor recommends specific work is done then make sure it's done by a properly qualified person who the surveyor is happy with.
Get them to recommend a suitable local firm.
The surveyor must check up on the completed work and confirm in writing that they're satisfied with the result.
If you want to get your best mortgage quote quickly and easily we offer a great new service. We can put you in contact with a professional mortgage adviser. It's free and completely confidential. Simply fill out the form below
Read On / Valuations and surveys guide
Read On / Full Guide to Buying a Home
Quick Outline of the Home Buying process
What you're up against
How to Find your Property
About Conveyancing / The Legal Stuff
First Time Buyers Special Guide
Which Mortgage is Best for Me?
How
to Get a Mortgage in the UK
Types of Mortgages
Remortgages
How to Find A Mortgage
Guide to UK Home and Mortgage Insurance
Back to contents of The Valuation and Survey
See full contents of the Home Buyers Guide
Read about How to get a Mortgage
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The
Valuation
plus EITHER
The Basic Survey
OR
The Full
Structural SurveyAlso in this section:
If a problem is revealed
Save time money and effort with all the latest tips and trade secrets.
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Please note, this information is NOT necessarily RELEVANT in Scotland
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How to Find Your New Home / Property
Browse over 200 Free Mortgage TipsYour Complete Guide to UK Mortgages Find Out How to Win the Race to Buy Your Home - Home Buyers Guide Learn How to Save ££s by Remortgaging Read the Insider Info on Home Insurance Site Help |