Shared Ownership RICS Surveyors
When selecting a chartered building surveyor it is important to keep in mind the type of survey you require, more information can be found on the Housetrade Buyers Guide under What Type of Survey Should I Get. This provides you with the options available to you when instructing a house surveyor.
Housetrade has a pannel of preferred Shared Ownership Surveyors, please follow the tab to the right or fill out an enquiry with your requirements and our panel will be in touch: Enquiry
Remember that UK property surveyors are the only true reassurance that you have on the price and the state of a property. Chartered Shared Ownership surveyors generally provide a similar standard of outcome in thier building surveyor duties due to industry regulations. However the service can still vary massively, as such it is important that you looking into a number of chartered surveyors building a rapport with the property surveyor you eventually instruct.
Chartered Shared Ownership Surveyors
When looking into appointing a UK property surveyor on a property you have placed an offer on it is always recommended to get a Homebuyers Survey & Valuation Report (referred to as a Homebuyers Report) or a Building Survey (Full Structural Survey) as opposed to a mortgage valuation, surveyors will usually point you in one of the former directions. The reason for this is chartered surveyors conducting a Homebuyers Report and Full Structural Survey review above and beyond just a valuation of the property. Whereas a surveyor undertaking a Mortgage Valuation is simply going through a brief inspection undertaken on behalf of the mortgage lender to confirm the valuation, any costs are paid by you (the potential purchaser). With this you run the risk of surveyors overlooking defects in the property which can be very costly in the long run, or mean you miss out on bargaining tools with the seller to reduce the cost of the property in the first place.
The majority of Shared Ownership surveys undertaken by UK property surveyors are Homebuyers Reports which include background information on the property, evidence of the three main potential threats to the structure of the building, interior and exterior inspection, overview of service and testing recommendations, and the current valuation for insurance purposes. in order to ensure there are no structural defects with the property UK property surveyors are advised to undertake a Building Survey, which is generally requested more often for older properties that have been modified and are more to have defects (again a reputable chartered surveyor will recommend this). The Building Survey undertaken by a UK Shared Ownership surveyor does not include a valuation report however this can be arranged with the surveyor. The Building Survey also points out the more minor defects, providing the cost for any work. It is always advised to speak with a chartered surveyor to discuss your options and always question anything that you do not understand.