Central Bookings: 01223 862808

 

Which 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.

RICS Help to buy Valuations

What is Help to Buy?

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.



Promptness of response : Camsure are amazing, efficient and their response time is brilliant.

Quality of service : I have nothing to compare against but I can truthfully say that they took note of all my requirements and provided a quality service on each of those points as well as the norm.

Value for money : Best price and great quality of service.

Professionalism : The girls Stephanie and Lauren were very friendly and could answer all my questions. Would recommend this company to others and plan to use them for my next purchase.

Homebuyer Survey, Northwood, Shilpa - February 2019


Camsure Home Surveys
Central Bookings Team
Camsure Homes Ltd, 3 Dock Lane, Horningsea, Cambridge CB25 9JF 
Tel: 01223 862808
   
Opening Hours
Office hours: 9am to 5.30pm Monday to Friday