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E: 7oaks@sheffords.co.uk

The role of the surveyor is not solely to undertake surveys. The surveying profession is extremely diverse and we cannot, of course, be specialists in every field. Surveyors also prepare valuations for all types of property.

At Sheffords we undertake building surveys and valuations and we also complete work associated with commercial property sales, negotiate new leases and rent reviews as well as providing advice on development opportunities. We also manage individual and property portfolios on behalf of private clients and property companies.

What type of inspections do surveyors undertake when clients are considering the purchase of a residential property?

• THE MORTGAGE VALUATION
  
  The main purpose of a mortgage valuation is to confirm to the lender whether or not the property is suitable security for the money to be borrowed. Whilst the valuer will take into account the general condition of the building this will only be based on a brief and superficial inspection of the property. If you require a mortgage a valuation report will need to be prepared by a surveyor/valuer and this can only be commissioned via your bank or building society.

• THE HOMEBUYER SURVEY AND VALUATION
  
  This is a concise survey report in a format drawn up by The Royal Institution of Chartered Surveyors. It provides the prospective purchaser with information on the general condition of the property, any significant factors likely to materially affect the value of the property, a market valuation and an insurance valuation. Information is provided in a simple and straightforward layout, both easy to read and understand. The report is based on a visual inspection of as much of the interior and exterior of the building as is accessible. The HSV is particularly suitable for smaller residential properties built after 1920.

• THE BUILDING SURVEY
  (formerly known as a Structural Survey)
  
  This is suitable for all types of residential property and is based on a detailed inspection of the building in as much depth as possible, and provides a full picture of the construction and condition. Where necessary we can bring along specialist contractors to test drains, electrical wiring, plumbing and heating systems. These inspections are undertaken by specialist contractors under our supervision. The report will include guidance on maintenance and remedial works and detailed comments on any defects. Typically building surveys do not include a market valuation or insurance valuation. We are happy to comment within our reports on specific points of concern raised by our clients.

Members of the Royal Institution of Chartered Surveyors SAVA Accredited