A
basic survey is carried out for your benefit to reveal any serious
problems with the property.
Contrary
to another common myth - that you're only really covered by a
full
structural survey - if problems emerge which the basic survey
didn't warn you about then you have a case to claim for damages
to cover the necessary repair work.
The
basic survey may be offered as a package with the valuation and
called various things by the different mortgage lenders eg the "Flatbuyers
survey" or the "housebuyers report" and
so on.
Even
if it's not offered as a package you could try and get the valuer
to do a basic survey at the same time as this may be cheaper
Most
house buyers opt for a basic survey because it's cheaper than the
full structural survey.
It
may cost anything from £250 to £400 compared to £800 plus
for the latter.
As
a buyer you can use any faults revealed to renegotiate the price
- which can more than make up for the extra cost of the full structural
survey.
A
basic survey should suffice for a normal modern building.
For
anything older or more unusual you should seriously consider
a Full Structural
Survey
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