Part of the LSL Property Servi ces pl c Group

A guide to
our services
Professi onal , i ndependent property advi ce
E.Surv
UK
Dgtay sgned by E.Surv UK
DN: cn=E.Surv UK gn=E.Surv
UK c=Unted Kngdom=UK
o=E.Surv ou=E.Surv
e=hepne@esurv.co.uk
Reason: I amthe author of
ths document
Locaton:
Date: 2013-10-21
18:24+05:30
Do you own a house, or are you buying a new home?
Looking for your first property, or a portfolio investment?
There are lots of different situations when it comes to
property, but as independent property experts its our
job to help you make better property decisions.
Buying a house?
Buyi ng a house i s one of the most i mportant fi nanci al deci si ons of your l i fe. Surveys and
val uati ons are an essenti al part of any home purchase; they provi de i nformati on to ensure
your sal e proceeds wi thout di ffi cul ty. I n thi s gui de we ai m to set out cl earl y the di fferences
between the surveyi ng products avai l abl e to you when buyi ng your next home.
I f youre buyi ng or sel l i ng a property i n Scotl and, the process i s di fferent to the rest of the UK.
Scotti sh Home Reports came i nto force as part of l egi sl ati ve changes i n 2008, and our e. surv
Scotl and team can hel p wi th every aspect of homebuyi ng fol l owi ng these changes.
Wherever youre buyi ng, i f youre choosi ng a brand new property from a housebui l der, then
as part of your purchase you have up to two years to submi t your snaggi ng l i st of defects for
them to recti fy. Make sure you i denti fy every faul t wi th your brand new home wi th a
professi onal snaggi ng report prepared by a ful l y qual i fi ed surveyor before you move i n
to avoi d i ssues l ater down the l i ne when your warranty has expi red.
Existing home owner?
Once youve bought your new home or i nvestment property, i ts i mportant to protect your
purchase. Houses are l i vi ng, breathi ng obj ects that change over ti me. PropertyCare i s a
product uni quel y desi gned by e. surv to hel p homeowners understand how thei r home has
changed over ti me, and hel p budget for unexpected repai r costs fol l owi ng the i nspecti on.
When buyi ng a property on a l easehol d tenure, i t i s part of the conveyanci ng process
to check the l ength of ti me remai ni ng on that l ease. Most peopl e are unaware that the l ease
wi l l requi re an appl i cati on to renew, and that thi s i s a process whi ch requi res expert advi ce.
At e. surv, were confi dent i n arrangi ng l ease extensi on val uati ons as part of the process of
extendi ng a l ease, and wel l negoti ate wi th your freehol der on your behal f.
So whether youre buying a new home, or you
already own a property, were sure we can provide
you with the right products to help you make the most
of your property.
As a surveyor, I love
talking customers
through their survey
and making sure they
fully understand it.
VICKI LAWSON MRICS CHARTERED SURVEYOR
CENTRAL LONDON
Surveying products
Surveys are professi onal reports carri ed out by ful l y qual i fi ed surveyors to gi ve you
i ndependent advi ce on the condi ti on of your new home. Many purchasers sti l l wrongl y rel y
on thei r l enders mortgage val uati on for thi s i nformati on. I n fact, the mortgage val uati on i s
a report a l ender requi res to approve the l oan for your purchase, and i s not desi gned to gi ve
you reassurances on the condi ti on of the property you are l ooki ng to purchase.
Heres a summary of the four survey and valuation products, and what
they offer:
Mortgage Valuation:
A Mortgage Val uati on Report i s prepared for your l ender to hel p them deci de i f your new
home i s one that they want to secure a l oan agai nst. The l enders Mortgage Val uati on onl y
answers the questi ons your l ender has as to whether the property offers sui tabl e securi ty for
your l oan. I t doesnt answer questi ons that may be i mportant to you about the condi ti on of
the property youre l ooki ng to buy.
When a surveyor carri es out a Mortgage Val uati on for your l ender they wi l l onl y al ert them to
the i ssues wi th your property that have a materi al i mpact on the l endi ng deci si on. What thi s
means i s that they may not i ncl ude any defects wi thi n the property that coul d be si gni fi cant
to you. Thi s i s why i t i s al ways recommended that anyone l ooki ng to buy a property requests
thei r own i ndependent survey whi ch cl earl y descri bes al l of the defects rel ati ng to the
property before commi tti ng to a purchase.
Prepared for your lender
Concise report
Focused on the lenders requirements
Limited questions
Liability to purchaser restricted
RICS Condition Report:
The RI CS Condi ti on Report gi ves a cl ear and conci se snap shot of the condi ti on of your
potenti al purchase on the date of i nspecti on. Thi s i s your survey report, prepared
i ndependentl y for you and not your l ender. The RI CS Condi ti on Report i s a survey whi ch
i ncl udes an i nspecti on of your home. There i s al so a secti on whi ch provi des you wi th advi ce
for your conveyancer, wi th a cl ear summary of the key ri sks associ ated wi th purchasi ng your
new property. The report uses a si mpl e traffi c l i ght ( red, amber, green) col our codi ng system to
rate i ndi vi dual el ements of the property, and hi ghl i ght any areas of concern. The report covers
al l aspects of the property, ri sks and l egal consi derati ons.
The RI CS Condi ti on Report provi des you wi th an overvi ew that wi l l hel p you understand the
constructi on of the property you are buyi ng, any seri ous probl ems needi ng attenti on and any
areas of further i nvesti gati on that need to be undertaken pri or to commi tment to purchase.
Thi s survey type i s an economi c report that provi des you wi th i mportant i nformati on that a
Mortgage Val uati on does not.
Prepared for you as the buyer
Victorian to modern property styles
Urgent and serious defects
Matters for conveyancer
Risks associated with purchase
No advice on what to do next
No valuation or rebuilding cost
Want to learn more? Visit esurv.co.uk or give us a call on 0800 169 9661 Buy with confidence visit esurv.co.uk or give us a call at 0800 169 9661
Want to learn more? Visit esurv.co.uk or give us a call on 0800 169 9661 Buy with confidence visit esurv.co.uk or give us a call at 0800 169 9661
Building Survey:
The Bui l di ng Survey i s the most detai l ed survey we offer. I t i s parti cul arl y sui ted to ol der
bui l di ngs, those of an unusual constructi on, or those wi th maj or extensi ons or al terati ons. The
Bui l di ng Survey i s al so the best choi ce where you know there are si gni fi cant defects that need
attenti on. The report wi l l provi de detai l s on the materi al s and methods of constructi on, advi ce
on defects, and the appropri ate repai r opti ons. Where The RI CS HomeBuyer Report i s sui ted to
modern properti es of standard constructi on, the Bui l di ng Survey i s speci fi cal l y desi gned for
properti es of vi rtual l y any age, styl e or condi ti on.
Many ol der properti es have di sti nct needs i n terms of how they must be l ooked after and thei r
components need a di fferent approach to more modern bui l di ngs. I t i s essenti al to understand
thi s i n order to preserve and enhance the val ue of your i nvestment. Li sted bui l di ngs or those i n
conservati on areas need speci fi c care and use of correct materi al s and techni ques.
I f you are pl anni ng to purchase an ol der property thats run down, or a bui l di ng that has had
maj or al terati ons, then thi s i s the report for you. I f you have pl ans to al ter the structure of the
property thi s can often form part of the advi ce provi ded. I f you pl an to make a substanti al
i nvestment i n a property of age or character, then thi s report i s an i mportant safeguard.
Prepared for you as the buyer
Any age of property
Detailed appraisal
Matters for conveyancer
Comprehensive advice
Valuation and rebuilding cost
RICS HomeBuyer Report:
The RI CS HomeBuyer Report provi des i nformati on on the condi ti on of your property and advi ce
to your conveyancer. What the RI CS HomeBuyer Report has i n addi ti on to The RI CS Condi ti on
Report i s our professi onal advi ce on the i ssues that may affect the val ue of your property, pl us
a market val uati on and i nsurance rei nstatement cost. There wi l l al so be a dedi cated secti on to
provi de advi ce on repai rs and ongoi ng mai ntenance requi rements.
The report uses the RI CS red, amber, green col our codi ng system, j ust l i ke The RI CS Condi ti on
Report, and may pi ck up i ssues i ncl udi ng damp, ti mber and structural movement.
Thi s report i s perfect for provi di ng you wi th detai l ed i nformati on on the most urgent or seri ous
i ssues wi th your potenti al purchase. When you recei ve your report the defects of your property
wi l l be hi ghl i ghted, so thi s means youl l be abl e to j udge the val ue of your purchase i n l i ne wi th
any budget you may need for future works. I nvesti ng i n a RI CS HomeBuyer Report before
purchasi ng your home wi l l hel p you predi ct what any future mai ntenance expendi ture, pl us
repai r or restorati on costs may be.
Prepared for you as the buyer
Victorian to modern property styles
Urgent and serious defects
Matters for conveyancer
Risks associated with purchase
Advice on what to do next
Valuation and rebuilding cost
Product Matrix
Compare our products side-by-side to see which type of report is right for you.
You can see what other customers said about our surveying products
by reading their reviews on our website. Take a look at www.esurv.co.uk
Read customer
reviews at
www.esurv.co.uk
Want to learn more? Visit esurv.co.uk or give us a call on 0800 169 9661 Buy with confidence visit esurv.co.uk or give us a call at 0800 169 9661
Mortgage
Valuation
RICS
Condition Report
RICS
HomeBuyer Report
Building
Survey
Completed by a fully qualified
Surveyor
Suitable for your lender i.e. tells them
whether the property is a suitable
security for your mortgage
Suitable for you
Tells you the condition rating of the
property
Helps you identify possible problems
that could help with price negotiations
Will help you avoid expensive repairs
after completion
Suitable for any property
Suitable for properties 1850 - to date
and standard construction
Mortgage
Valuation
RICS
Condition Report
RICS
HomeBuyer Report
Building
Survey
Includes:
An Inspection
Clear traffic light ratings
Highlights parts needing urgent
attention
Advice to your legal advisors
Professional advice from your surveyor
e.g. ongoing repairs and maintenance
Market valuation
Building reinstatement costs for
insurance purposes
Comprehensive report on construction
and defects
Ideal for sellers
Aftersales Support:
Helpline
Speak to the surveyor before the
inspection
Speak to the surveyor before and after
the inspection
Buy with confidence visit esurv.co.uk or give us a call at 0800 169 9661
New Build Snagging Report
Buying a new build property has many advantages, such as having the freedom
to choose fixtures and fittings and the perfect plot for your individual
circumstances. But a new build property is never perfect, and developers ask
homebuyers to prepare what is known commonly as a Snagging Report of the
faults they find at their new home.
Some homebuyers feel confi dent enough i n thei r own abi l i ty to i denti fy defects to prepare the
Snaggi ng Report themsel ves. However, i t i s often useful to arrange for a professi onal surveyor
to compl ete the report ahead of you movi ng i n so that the defects can be corrected at the
fi nal stage of bui l d.
You have up to two years i n whi ch to submi t your l i st of defects, or Snaggi ng Report to your
housebui l der. I f you sel ect e. surv to carry out your Snaggi ng Report on your behal f then a ful l y
qual i fi ed RI CS surveyor wi l l be sent to your new property to i denti fy any faul ts that your
housebui l der may have mi ssed. They wi l l confi rm whether the property has been fi ni shed to
an acceptabl e bui l d standard, as wel l as l i sti ng any defects to be recti fi ed before you compl ete
your purchase.
Once your report is completed you will receive a copy of this by email, and
a copy will be posted to you to pass on to your housebuilder.
Types of property Price
Flats From 160 inc VAT
Houses From 185 inc VAT
Please
call for a
quotation
A survey from us will
give you professional
advice on the condition
of the property you
want to buy.
GARY WINGROVE MRICS CHARTERED SURVEYOR WARWICK
Want to learn more? Visit esurv.co.uk or give us a call on 0800 169 9661
Scottish Home Reports
In 2008, the law changed so that most properties marketed for sale in Scotland
must be presented with a Home Report. The Home Report consists of three
documents: The Single Survey, The Energy Report and The Property Questionnaire.
The Single Survey
The Si ngl e Survey provi des potenti al buyers wi th i nformati on about the condi ti on of the
property, and gi ves an i ndi cati on of val ue. Usi ng the i nformati on from thi s report, potenti al
purchasers can make an i nformed deci si on about whether or not to make an offer. As part
of the Si ngl e Survey, an Accessi bi l i ty Audi t i s i ncl uded, whi ch provi des i nformati on on the
accessi bl e features of the property. Thi s hel ps parents wi th young chi l dren, el derl y peopl e,
and those wi th di sabi l i ti es deci de whether the property wi l l be sui tabl e when consi deri ng
future l i vi ng arrangements.
The Property Questionnaire
Thi s el ement of the Home Report bri ngs together useful i nformati on on the faci l i ti es and
servi ces at the property. Sol i ci tors, surveyors and potenti al homebuyers wi l l al l rel y on thi s
i nformati on to hi ghl i ght any potenti al areas for further i nvesti gati on as earl y as possi bl e i n
the transacti on. I nformati on typi cal l y i ncl udes counci l tax bandi ng, parki ng faci l i ti es, and the
avai l abi l i ty of gas and el ectri ci ty at the property.
The Energy Report
Every property wi l l have an energy rati ng, whi ch provi des i nformati on on i ts i mpact on the
envi ronment. Thi s report wi l l hi ghl i ght the areas wi thi n a property where potenti al energy
savi ngs coul d be made, and general recommendati ons on energy effi ci ency.
You should note that a Home Report has a valuation which is only valid for three
months. Therefore it will be necessary to arrange a Replacement Home Report
after this time once a buyer has been found, or sooner if there are any significant
changes to the property.
Want to learn more? Visit esurvscotland.co.uk or give us a call on 0141 418 1008 Buy with confidence visit esurvscotland.co.uk or give us a call at 0141 418 1008
London Specialists
As the countrys l argest surveyi ng practi ce, we have a weal th of experi ence i n property
surveys and val uati ons, whether they are for home purchases, i nvestment or key l i fe
mi l estones. Our London speci al i sts are l ocal experts, havi ng worked i n the capi tal for many
years. They are attuned to the uni que market cycl es, property types and common obstacl es
faced wi th London property.
Buying in London?
I f youre buyi ng a new property i n London, as ei ther an i nvestor or owner occupi er, then
i ts i mportant to consi der havi ng a survey as part of the homebuyi ng process. Refer to our
survey and val uati on product i nformati on at the start of thi s gui de to fi nd out more about
these products.
The e. surv Capi tal team i s al so experi enced i n offeri ng acqui si ti on advi ce i f youre new to
buyi ng i n London, or movi ng to a new part of the ci ty. To fi nd out more about how acqui si ti on
advi ce can gi ve you a better i nsi ght i nto the area youre consi deri ng purchasi ng i n, pl ease vi si t
the e. surv Capi tal websi te.
Selling in London?
The London property market i s fi ercel y competi ti ve, and the e. surv Capi tal team i s
knowl edgeabl e i n offeri ng pre sal e apprai sal s to hel p homeowners get thei r properti es
ready for marketi ng i n order to achi eve the best possi bl e sel l i ng pri ce.
Existing homeowners in London
Extendi ng a l ease protects the sal eabi l i ty of a property, and i f extended sooner rather than
l ater ensures a l ower premi um can be negoti ated. Pl ease see our gui de on l ease extensi ons
over the page to fi nd out more about l ease extensi ons.
Properti es suffer from general wear and tear, and change over ti me. Whi l st you may check
your propertys condi ti on aestheti cal l y for any tel l -tal e si gns, onl y havi ng your property
professi onal l y i nspected wi l l gi ve you an i ndependent vi ew of the true condi ti on of your
property. The e. surv Capi tal team hel ps homeowners l i vi ng i n London mai ntai n a heal thy
home, offeri ng advi ce on energy effi ci ency, and provi di ng l i kel y repai r costs for defects
i denti fi ed i n order to hel p budget for necessary mai ntenance works.
Meet our London specialists and find out more about the services they offer
by visiting esurvcapital.co.uk
Want to learn more? Visit esurvcapital.co.uk or give us a call on 0800 169 9661 Buy with confidence visit esurvcapital.co.uk or give us a call at 0800 169 9661
Understanding
the condition of
the property youre
looking to buy should
be important
to you; it is to us.
TOM MCLEAN ASSOC RICS SURVEYOR
HUDDERSFIELD
When buyi ng your property, have i t properl y checked by a professi onal . Many purchasers sti l l
wrongl y rel y on a l enders mortgage val uati on thi nki ng i ts a survey, when unfortunatel y thi s
i snt the case.
0800 169 9661
www.esurv.co.uk/faces
Meet your local surveyor
From Penzance to Inverness, we have
more than 400 dedicated local surveyors
throughout the UK, with specialist
teams in London and Scotland. Visit
www.esurv.co.uk/faces and enter your
postcode to find your local surveyor, or
if you know a surveyor personally or by
recommendation, you can enter a name
to view their professional profile.
Lease extension
When you purchased your leasehold property, youll have been made aware of
the time left on your lease term. What you may not have realised is that leases
are not automatically renewed when they expire, and you need to make an
application to your freeholder to extend or renew your lease.
I f youve owned your property for more than two years then you are abl e to start the l ease
extensi on process, and the sooner you do the l ess i t wi l l cost you. I f you choose not to extend
your l ease then thi s wi l l have a seri ous i mpact on the val ue of your property, and may i mpact
on your abi l i ty to sel l i t i n the future, as mortgage compani es requi re a mi ni mum term to
remai n on a l ease as part of thei r l endi ng cri teri a. Havi ng a short l ease may al so i mpact on
your abi l i ty to remortgage your property.
Fi nd out more about the process for extendi ng your l ease and how we can hel p.
More information on lease extension is available on our website, or you can talk
to one of e.survs lease extension specialists by calling 0800 169 9661.
PropertyCare
General wear and tear and changeable weather conditions can soon turn into
serious issues for your home, and your wallet. But, if you catch them in time you
can easily stop costs spiraling out of control.
You can stop unexpected costs now by arrangi ng an e. surv PropertyCare i nspecti on for
your home. Thi s report i s desi gned to gi ve you a detai l ed pi cture of the condi ti on of your
house, expert advi ce on sol vi ng any current probl ems, and hel pful gui dance on mai ntai ni ng a
heal thy property for your future.
Obtai n a cl ear pi cture of the condi ti on of your home
I denti fy the areas of i mmedi ate concern and those that you shoul d keep an eye on
over the next few years
Avoi d defects worseni ng and costs escal ati ng, and hel p budget for repai r work
Expert advi ce on sol vi ng current probl ems and future mai ntenance
PropertyCare for Landlords
I f youre a l andl ord wi th an i nvestment portfol i o, sol vi ng probl ems when they are rai sed by
tenants or managi ng agents can be costl y. Wi th PropertyCare i t i s possi bl e that by havi ng
your properti es regul arl y i nspected by a ful l y qual i fi ed surveyor you can keep unexpected
mai ntenance bi l l s at bay. Thi s can al so hel p you create a cycl i cal mai ntenance pl an for the
costs over the comi ng years.
Visit our dedicated PropertyCare website for more information on this report
type, and also to find useful information on common property defects.
Helpful
advice
on lease
extension
Want to learn more? Visit esurv.co.uk or give us a call on 0800 169 9661 Buy with confidence visit propertycareplus.com or give us a call at 0800 169 9661
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For more information
please visit the Information Centre
on our website www.esurv.co.uk
Part of the LSL Property Servi ces pl c Group
e. surv Ltd. Lahnstei n House, Gol d Street, Ketteri ng, Northants, NN16 8AP.
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