Structural Survey

Residential Surveys.

Commissioning your own residential survey is the simple, economical way to avoid unpleasant - and perhaps costly - surprises after moving into a new house. In some cases, the surveyor`s report may even enable you to renegotiate the price down a little.

Carrying out a structural survey and perhaps alongside a home buyers report is an important step to buying a property. With both the homebuyers reports and building surveys you are able to ask specific questions including finding out the possibility of extending the property or other alterations that you might be intending to carry out to the property. Thereby enabling you (the buyer) to make a more informed and hopefully a more positive purchase!

What Is Checked In A Structural Survey

The extent of the structural survey carried out will depend on your wishes and that of the mortgage company, some of the things checked include:

• Checks OF the walls for damp
• Strength of supporting walls and ensuring they have not been altered or removed
• Check for hazardous materials such as asbestos
• Building stability and checks on the foundations and ensuring no signs of subsidence
• Ensuring all planning permission for all extensions and building work is in order
• Checks for wood damage throughout the house ensuring the timber is in good condition, also check building for dry rot and woodworm damage
• Technical build details and ensuring all certificates and work is in good condition
• Checking for damp proofing and the insulation of the home.
• Ensuring roof is in good condition with no leaks and no damaged tiles.
• Questions on future planned improvements and building renovations.

Get Help Buying Your Home

Here at First Choice Finance we are dedicated in helping our customers throughout the purchase mortgage process from beginning to end, offering a comprehensive service from discussing your mortgage options, through to carrying out the relevant advice and finally helping you fund the purchase by recommending a competitive mortgage from our panel of lenders.

First Choice Finance have a team of qualified mortgage advisers who have many years experience helping people buy a home - please call for a free no obligation quote on 0800 298 3000 or complete our simpleon line enquiry form.

Does A Structural Survey Value The Property?

It is important to know the difference between a mortgage valuation and a structural survey, the purpose of the building survey is not to value the property but to ensure the house you are buying is fit to purpose and highlight possible structural and regulatory problems with the property, in some cases the mortgage provider may need a structural survey but this is not always the way, this is sometimes more necessary for older houses or houses with extensions or other major renovations. For more information please get in touch and we will be happy to answer any questions you may have.

Second Charge Mortgages
Some second mortgages will require a valuation before proceeding with the home loan, on few occasions will a structural survey be needed, here at First Choice Finance we will help you with the refinancing process from beginning to end.

Mortgages & Remortgages 8.4% APRC. Representative Example: Borrow £120,000 over 25 years at 5.99%, £778.86 pcm fixed for 3 years at 60% LTV. Then at 8.75%, £974.86 pcm, variable for 22 years. Total payable £286,416. Total cost of credit £166,416 (including: £985 broker fee, £999 lender fee & £164,432 interest)

Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

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