Different purposes
A lender’s valuation supports the lending decision. Your home survey is commissioned to help you understand the property’s condition within an agreed inspection and reporting scope.
Do not infer a condition assessment
The lender may arrange its valuation in a way that does not provide you with a detailed inspection report. A mortgage offer should not be treated as confirmation that the building has no significant defects.
Choose the information you need
A Level 2 or Level 3 survey can help identify defects and further enquiries before purchase. Which level is suitable depends on the building rather than the lender’s valuation process.
Check whether valuation is included
A home survey fee does not necessarily include a market valuation or reinstatement assessment. If you need either, ask whether that service is available and expressly included in the appointment.
Regulated by RICS
RPSA membership