RICS HomeBuyer Report

If you need a mortgage to buy your new home, then your mortgage lender will usually require a valuation to be carried out. However, this valuation is not a survey, but an assessment of the security of the property for loan purposes that benefit the lender.

The RICS regulated HomeBuyer report is a surveying service carried out in a standard report format.  It uses a ‘traffic light system’ to detail how urgent each matter is. To have a full understanding of the condition of your potential new property, having a survey carried out is highly recommended.

It is primarily designed for houses and flats built within the last 175 years to a traditional style. Having a HomeBuyer Report can assist a buyer with making an informed decision about buying a property and play a vital part in any negotiations that may be necessary.

The HomeBuyer Report focuses on major and urgent matters including:

  • The general condition of the property
  • Any major faults
  • Urgent and significant matters that need assessing before exchange of contracts including recommendations for specialist inspections
  • Wall dampness tests and results
  • Comments on damaged timbers including woodworm and rot
  • Recommended rebuilding cost for insurance purposes
  • The value of the property on the open market

Tyser Greenwood Chartered Surveyors offer a full range of surveying services to cover all your property needs. Whether that’s a basic valuation, homebuyer report, a more detailed survey or some type of specialist work such as, probate valuation or leasehold extension, we are the right people to talk to.

Our property surveyors are all experts in their local area and therefore we can ensure that you receive the best technical advice based on sound local knowledge.

How we can help

To find out more information about surveys and advice about the most suitable type of survey for your property purchase, submit an enquiry via the form.