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INTRODUCTION
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MORTGAGES
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LIFE INSURANCE
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CRITICALL ILLNESS
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INCOME PROTECTION
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BUILDINGS & CONTENTS
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Mortgage surveys are an important part of the home buying process, and you have a number surveys you can choose from. Your mortgage lender will insist that a basic mortgage valuation is instructed in order to ensure the property you are buying is worth what you have agreed to pay. There are 3 main types of valuation available. These are described below;

1) Mortgage Valuation Report

A mortgage valuation is a compulsory report carried out to confirm how much the property is worth. This is a basic inspection on the value and condition of the property to ensure that the property is good security for your mortgage.

Caution:
A valuation report does not go into detail about the condition of the property hence structural problems may go completely unnoticed.

2) Homebuyers Report

This type of survey is conducted to a standard form created by RICS (Royal Institute of Chartered Surveyors.) A homebuyers report is often suitable for properties which are less than 150 years old and which are presented in reasonable condition. A Homebuyer’s report does not cover wiring, drainage or gas fittings and may not be suitable for properties requiring complete renovation. Most lenders are happy to organise a Homebuyers report alongside the mortgage valuation.

3) Building Survey

Building surveys are a thorough, comprehensive type of survey. They include a full structural inspection, and are suitable for all types of property. This includes older properties and properties which are of non-standard construction. Building Surveys are usually arranged separately to the mortgage valuation, in many cases by a different Surveyor.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Network Mortgages Limited is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Services Authority.

We normally charge a fee for mortgage advice. The amount will depend on your circumstances . Our typical fee would be £395.00.