lenders which are also undertaken by RICS surveyors. Bank Valuations do not, however, contain any detail in regards to the condition of the property, (other than rating it as good, satisfactory or poor), plus they are only accountable to the mortgage Lender, not to the consumer buyer.

So why take the chance on the biggest financial commitment of your life? Especially as the average repair bill alone for incoming buyers is at least £5,750 when first moving in. If you were buying a second-hand car, you would want some sort of guarantee from a garage, or for a qualified mechanic to inspect the vehicle, before paying out any money. It can then give you the reassurance that it's condition is satisfactory; or the owner needs to fix something and/or reduce the price accordingly; or for you to consider withdrawing from the sale altogether.

This case also applies when commissioning private property surveys. These more comprehensive surveys allow the prospective buyer to make a much more informed, objective decision about their purchase before exchanging contracts. House 4 House will guide you through the maze of potential repair, maintenance, insurance, planning, contamination, resale, and legal issues, (in liaison with your solicitor), that can arise during property sale transactions. Remember caveat emptor 'let the buyer beware' means that with property transactions, unlike when buying other goods, if you don't like what you've brought, it's too late - you can't get your money back!