Is your next house about to fall down?

posted 5 Jan 2012, 10:38 by Phillip Rushforth   [ updated 5 Jan 2012, 10:40 ]
Buyers, are you worried that your next property may have hidden faults?
The Channel 4 TV series "Help! my house is falling down" has shown many different cases of new buyers failing to obtain a survey when buying a property.
The Mortgage Valuation Survey is just that - a check by the lender that the house is worth roughly what you are paying for it, and that the advance that is to be made on the property is in line with the value.
Sometimes, the valuer (who you have paid for) does not even enter the property. The principle when buying a house is the same as when buying most other 'used' items - Buyer Beware!.
Why is more attention paid to the condition and warranty of a used car than to property surveys on homes costing 10 to 100 times more than a used car?
The mortgage lender or Estate Agent cannot insist that you use a surveyor from their panel, in fact, you should avoid using a surveyor from the agent marketing the property.
The only requirement that lenders should impose is that the valuer (or valuation survey) is from one of their panel, but you are free to choose your own building surveyor.
FCS House Surveys are independent from lenders and Estate Agents so you will receive a completely unbiased, honest and accurate survey.