The object of a survey report is to identify defects in a property which would be sufficiently important to affect value. It may also provide peace of mind if the property is found to be satisfactory. The report may help you to budget for potential maintenance costs.

Many risks and defects are not readily apparent to the average purchaser. These include wall tie failure, subsidence, rising damp, timber decay and roof spread.

Building Society/Bank valuations are prepared for the lender, with their interests in mind. These valuations are based on a limited inspection, with minimal responsibility to you. You will often be advised not to rely on these reports, regardless of the age of the property.

There are two main types of survey report that are normally prepared for prospective house buyers. The most common report is the RICS Homebuyers Report. This suits most types of house, cottage or flat. It is not designed to accommodate larger properties such as old farmhouses, Georgian villas, three storey Victorian terraced houses etc.

The other type of survey report is known as a Building Survey. Until recently, it was often called a Structural Survey. It will suit larger properties, commercial properties such as Pubs, Hotels etc, and properties that are in obviously poor order.