Formal valuation reports prepared on all types of property for all purposes:
• Mortgage
• Taxation
• Compulsory Purchase and Compensation
• Rating Assessments and Appeals
• Rent Reviews and Lease Renewals
• Planning and Development Appraisal and Valuation
• Probate
• Private
• Acquisition
• Purchase
• Accounts
• Legal Proceedings
Most homes are bought with the aid of a mortgage from a bank, building society or some other type of lender. A brief report is prepared for the lender to establish whether the property is adequate security for the proposed loan.
But, did you know that the inspection and report is solely for this purpose, IT IS NOT A SURVEY. This distinction is frequently misunderstood and the incorrect term ‘Building Society Survey’ is often used. The issuing of a complimentary copy of the report to the applicants reinforces this misapprehension and many buyers think that a survey has been carried out.