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WHICH SURVEY DO I NEED?

Camsure Home Surveys provide the following services for residential property
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Homebuyer Survey Report

RICS Level 2 Home Buyer Survey Report

A RICS Homebuyer Survey Report is conducted by a qualified surveyor who completes a detailed visual inspection of the property, so that you can clearly see the property’s condition and any areas of concern prior to purchase.

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Homebuyer Survey Report with Valuation

RICS Level 2 Home Buyer Survey Report with Valuation

For those that want confirmation that they are paying market value for the property and require a rebuild cost for insurance purposes.

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Building Survey

RICS Level 3 Building Survey

Formerly known as a Full Structural Survey, the most comprehensive home survey, ideal for older properties, those in poor condition or where major works are planned.

Report includes more in-depth analysis of the property's condition, comprehensive advice and an insurance rebuild valuation.

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RICs 'Red Book' Valuation

Written market valuation of your property including Help To Buy, Shared Ownership and for inheritance tax purposes.*

*Valuations and rebuild costs can be added to a Building Survey at request, for an additional fee.

RICS

Our RICS accredited surveyors are based locally to the areas we service which ensures they have the necessary local knowledge and experience to provide you with the highest quality report and service possible.

Our surveys offer you peace of mind and the opportunity for you to make the most informed decision possible when purchasing your new home.

Suitable for properties in reasonable condition and constructed after 1900

An RICS HomeBuyer Report, or Home Survey, is conducted by an RICS qualified surveyor, who carries out a detailed visual inspection of your property, or the property you are considering purchasing. The report you are supplied with following the inspection uses easy to understand 'traffic light' ratings, so you can clearly see the property's condition, and any areas of concern. The surveyor will consider any specific areas of concern you may have prior to the survey and these will be examined and appropriate advice provided.

It includes comments on the condition of the property, provides guidance to legal advisers, highlights any urgent defects, gives advice on defects that may affect the value of the property with repairs, and on-going maintenance advice. An insurance rebuild cost can be provided at no additional cost if requested, and a market valuation can also be supplied for a small additional fee. Environmental issues are also covered including flooding, mining, soil types, radon presence, landfill sites and more recently infrastructure issues such as the HS2 rail line.

RICs Home Buyer Reports
Designed for properties constructed before 1900

Formerly known as a Full Structural Survey, the Building Survey i! the most comprehensive home survey, and is ideal for older properties constructed prior to 1900, properties considered to be in poor condition or if you're planning any major works. This report includes all the elements of a HomeBuyer Report together with a more in-depth analysis of the property's condition, more comprehensive advice and an insurance rebuild cost. A valuation can also be included for a small additional fee.

The report you receive will include detailed advice on defects, repairs and maintenance options. The surveyor will take into account any specific concerns you have prior to the survey and will provide detailed advice.

Building/home surveyor Cambridge and Hertfordshire
An unbiased assessment establishing the market value of a property

The report may also note a reinstatement figure and highlight issues that require further investigation.

RICS Help to Buy Valuations

A help to buy valuation must be carried out by a RICS registered valuer. It is required by Target (who have been appointed by the Homes and Communities Agency to administer the Help to Buy scheme) to determine the current market value of your property and calculate the amount that you must repay. If the value of your property has decreased, then the amount you must repay will be less than you originally borrowed. However, if the value of your house has increased, so will the amount you must repay. It is important to note that your Help to Buy valuation will only be valid for 3 months.

Help to Buy

Why do I need a survey?

The RICS Homebuyers Report

This survey is suitable for properties considered to be in reasonable condition and constructed after 1900.

An RICS HomeBuyer Report, or Home Survey, is conducted by an RICS qualified surveyor, who carries out a detailed visual inspection of your property, or the property you are considering purchasing. The report you are supplied with following the inspection uses easy to understand 'traffic light' ratings, so you can clearly see the property's condition, and any areas of concern. The surveyor will consider any specific areas of concern you may have prior to the survey and these will be examined and appropriate advice provided.

It includes comments on the condition of the property, provides guidance to legal advisers, highlights any urgent defects, gives advice on defects that may affect the value of the property with repairs, and on-going maintenance advice. An insurance rebuild cost can be provided at no additional cost if requested, and a market valuation can also be supplied for a small additional fee. Environmental issues are also covered including flooding, mining, soil types, radon presence, landfill sites and more recently infrastructure issues such as the HS2 rail line.

The RICS Building Survey

Formerly known as a Full Structural Survey, the Building Survey is the most comprehensive home survey, and is ideal for older properties constructed prior to 1900, properties considered to be in poor condition or if you're planning any major works. This report includes all the elements of a HomeBuyer Report together with a more in-depth analysis of the property's condition, more comprehensive advice and an insurance rebuild cost. A valuation can also be included for a small additional fee. The report you receive will include detailed advice on defects, repairs and maintenance options. The surveyor will take into account any specific concerns you have prior to the survey and will provide detailed advice.

Independent Valuation Report
What is is?
A Valuation report will establish the market value of your property. The report may also note a reinstatement figure and highlight issues that require further investigation.

A survey will help you to make a reasoned and informed decision on whether to go ahead with buying a property.

Even if you are taking out a mortgage and may be paying for a mortgage valuation report, it is still recommended that you arrange a survey by your own surveyor. Both the Consumers’ Association ‘Which?’ magazine and the Council of Mortgage Lenders give this advice. The reason for this is that the mortgage valuation report is prepared for your lender, not for you, and is only concerned with the lender’s criteria of whether the property offers suitable security for your loan. You cannot rely on it to answer the questions that concern you or to give you details of the condition of the property. Some lenders do not provide you with a copy of their mortgage valuation report.

Often when we complete a survey will discover and advise upon a series of defects, potential hazards or further investigations required in order to determine the potential cost of repairs prior to commitment to purchase in order you may determine your overall financial commitment prior to purchase. On occasion it may be necessary to renegotiate your purchase figure to make allowance for the repairs required once these have been fully understood.

RICS Help to buy Valuations
What is Help to Buy?

Help to Buy was first introduced by the Government in 2013 with many people taking advantage of the scheme to get a foot on the first step of the property ladder. It's a shared equity scheme where first-time buyers can borrow up to 20% of the cost of a new build house (40% if you live in London).

Repaying your Help to Buy loan

If you bought a home using the Help to Buy scheme, your loan is interest free for 5 years. The full loan must be repaid after 25 years.

Alternatively, you can choose to repay the loan sooner, remortgage or pay it off when you sell your property.

When the time comes to sell, the amount you must pay back will be calculated based on the current market value of your home. Not the original purchase price.

Help to Buy valuations

Target (who have been appointed by the Homes and Communities Agency to administer the Help to Buy scheme) require you to get an independent Help to Buy valuation from a RICS registered valuer. This independent Help to Buy valuation will determine the current market value of your property and, as such, the amount you must repay can be calculated.

If the value of your property has decreased, then the amount you must repay will be less than you originally borrowed. However, if the value of your house has increased, so will the amount you must repay.

When you have obtained a Help to Buy valuation from a RICS registered valuer, you must send it to Target who will tell you how much you need to repay.

It is important to note that your Help to Buy valuation will only be valid for 3 months. Therefore, it is vital that you plan your timings carefully as, if you get your valuation report too soon, it may not be valid by the time the sale on your property is completed.

This is also important to bear in mind if you are remortgaging as this process can take some time.

It is impossible to determine with accuracy the time spent on a survey before the inspection. Many factors determine this including age, size condition, type of construction and many other factors. The RICS level 3 Building survey will take longer than the RICS level 2 Homebuyer Report typically as these are usually undertaken on older more complicated or poorer properties. The length of time on site will vary where the surveyor may need to ‘follow the trail’ in respect of diagnosing defects but the surveyor will not leave the property until they are comfortable in their knowledge and understanding of the property and their findings have been recorded.

The cost of the survey depends on its location where factors such the agreed purchase figure and level of survey will affect the cost.