Valuation and Survey.

Once you have made an offer that has been accepted you then need to arrange for a survey company to carry out a valuation and survey. This survey will be used to make your final mortgage offer, you then have the right to go ahead with the purchase, renegotiate the price with the seller or back out of the purchase completely.

**You are still not legally bound to buy the property even after the survey is done**
(You will however have to pay the survey costs)

The surveys are usually broken down into 3 category's :-

THE BASIC SURVEY

This is a brief report on the property based on a limited inspection of the readily visible and accessible areas of the property.

• Brief exterior inspection
• Report of any major structural problems
• Roof covering from ground level only
• Brief internal inspection
• Damp tests
• Roof space inspection
• Visual inspection of gas and electrical equipment
• Valuation
• Approximate cost is £250+ (based on a property valued around £100,000)

LEVEL 2 SURVEY

A more detailed inspection of the property

• General exterior inspection
• Report of any major structural problems
• Flat and pitched roof inspection from ground or ladder
• Brief drain inspection
• General internal inspection
• Damp tests
• General roof space inspection
• Visual inspection of gas and electrical equipment
• Limited sub-floor space inspection
• Window inspection
• Valuation
• Approximate cost is £450+ (based on a property valued around £100,000)

LEVEL 3 SURVEY

A detailed inspection of the property which can be taylor made to your requirements

• Detailed exterior inspection
• Report of any major structural problems
• Detailed roof inspection
• Drain inspection
• Foundation inspection
• Detailed internal inspection
• Damp tests
• Roof space inspection
• Sub-floor space inspection
• Window inspection
• Testing gas and electrical equipment
• Valuation
• Approximate cost is £850+ (based on a property valued around £100,000)