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PROPERTY VALUATIONS AND SURVEYS

If you want to find out more about property valuations and surveys, get in touch with the team at Viking Surveyors. We offer easy to understand, hassle-free services to ensure you get the property report you need. Our team operate out of several offices across Ipswich, London, Peterborough, Christchurch and Oxford so we cover a wide area.

TRUSTED, INDEPENDENT EXPERTS AT VIKING SURVEYORS

FREQUENTLY ASKED QUESTIONS

We have documented some of our frequently asked questions, please take a look. If you can't find the answer you are looking for or would prefer to talk to our team directly please get in touch.

Services
  • My lender has done a survey, do I really need to do one?
    A survey will help you to make a reasoned and informed decision on whether to go ahead with buying a property. Even if you are taking out a mortgage and may be paying for a mortgage valuation report, it is still recommended that you arrange a survey by your own surveyor. Both the Consumers’ Association ‘Which?’ magazine and the Council of Mortgage Lenders give this advice. The reason for this is that the mortgage valuation report is prepared for your lender, not for you, and is only concerned with the lender’s criteria of whether the property offers suitable security for your loan. You cannot rely on it to answer the questions that concern you or to give you details of the condition of the property. Some lenders do not provide you with a copy of their mortgage valuation report.
  • What happens if the survey reveals problems?
    Often when we complete a survey we'll discover and advise upon a series of defects, potential hazards or further investigations required in order to determine the potential cost of repairs prior to commitment to purchase so you may determine your overall financial commitment prior to purchase. On occasion it may be necessary to renegotiate your purchase figure to make allowance for the repairs required once these have been fully understood.
  • How long will the survey take to complete?
    It is impossible to determine with accuracy the time spent on a survey before the inspection. Many factors determine this including age, size, condition, type of construction and many other factors. The RICS level 3 Building survey will take longer than the RICS level 2 Homebuyer Report typically as these are usually undertaken on older more complicated or poorer properties. The length of time on site will vary where the surveyor may need to ‘follow the trail’ in respect of diagnosing defects but the surveyor will not leave the property until they are comfortable in their knowledge and understanding of the property and their findings have been recorded.
  • How much will it cost?
    The cost of the survey depends on its location where factors such as the agreed purchase figure and level of survey will affect the cost.

HELP TO BUY FAQS

  • My lender has done a survey, do I really need to do one?
    A survey will help you to make a reasoned and informed decision on whether to go ahead with buying a property. Even if you are taking out a mortgage and may be paying for a mortgage valuation report, it is still recommended that you arrange a survey by your own surveyor. Both the Consumers’ Association ‘Which?’ magazine and the Council of Mortgage Lenders give this advice. The reason for this is that the mortgage valuation report is prepared for your lender, not for you, and is only concerned with the lender’s criteria of whether the property offers suitable security for your loan. You cannot rely on it to answer the questions that concern you or to give you details of the condition of the property. Some lenders do not provide you with a copy of their mortgage valuation report.
  • What happens if the survey reveals problems?
    Often when we complete a survey we'll discover and advise upon a series of defects, potential hazards or further investigations required in order to determine the potential cost of repairs prior to commitment to purchase so you may determine your overall financial commitment prior to purchase. On occasion it may be necessary to renegotiate your purchase figure to make allowance for the repairs required once these have been fully understood.
  • How long will the survey take to complete?
    It is impossible to determine with accuracy the time spent on a survey before the inspection. Many factors determine this including age, size, condition, type of construction and many other factors. The RICS level 3 Building survey will take longer than the RICS level 2 Homebuyer Report typically as these are usually undertaken on older more complicated or poorer properties. The length of time on site will vary where the surveyor may need to ‘follow the trail’ in respect of diagnosing defects but the surveyor will not leave the property until they are comfortable in their knowledge and understanding of the property and their findings have been recorded.
  • How much will it cost?
    The cost of the survey depends on its location where factors such as the agreed purchase figure and level of survey will affect the cost.

STILL HAVE QUESTIONS ABOUT OUR SERVICES?

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REQUEST A QUOTE FOR A LOCAL PROPERTY VALUATION OR SURVEY

FREE QUOTES

We provide quotes for the following services:

  • Homebuyer Survey Report

  • Homebuyer Survey Report with Valuation

  • Building Survey

  • RICs 'Red Book' Valuation

PROPERTY VALUATIONS IN THE FOLLOWING AREAS

  • Ipswich

  • Colchester

  • Cambridge

  • Peterborough

  • Kings Lynn

  • Oxford

  • Bournemouth

Surveyor In Hard Hat And High Visibility Jacket With Digital Tablet Carrying Out House Ins
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