Depending on which type of survey you decide to do the costs will vary as follows:
Mortgage Lender’s Valuation:
from £100 for a £50,000 plus flat
to £250 or more for a £200,000 plus property.
NB Some mortgage lenders will offer free valuations.
from £250 normal to £400 rip off
Buyers often use faults revealed to renegotiate the price which can more than make up for the extra costs.
Even if it’s not offered as a package try to get the valuer to do a basic survey at the same time as this may be cheaper.
Full Structural Survey
from £450 for a standard size
A Full Structural Survey can cost four or five times as much as a basic survey i.e. £800 upwards – though shop around as costs will vary.
Asking the mortgage lenders‘ valuers to quote you for doing the Full Structural Survey could be cheaper than arranging it independently. If so, make sure that you – and not the lender – will own the Full Structural Survey. (They will own the valuation)
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