A valuation is not a survey
Your lender's mortgage valuation checks that the property is worth what you are borrowing. It is for the lender, not you, and it does not look for defects. A survey is your own check on the condition of the home.
The three RICS levels
| Survey | Best for | What you get |
|---|---|---|
| RICS Home Survey Level 1 | Newer homes in good condition | A simple report with traffic-light ratings |
| RICS Home Survey Level 2 | Most conventional homes in reasonable condition | Defects, urgent repairs and things to investigate, with traffic-light ratings. An optional valuation is often available |
| RICS Home Survey Level 3 | Older, larger, unusual or altered homes, and homes needing work | A detailed inspection and report with advice on repairs |
Which one should I choose?
- A new-build or a modern flat in good condition: Level 1 or 2. For a new build, a snagging survey is also worth considering.
- A typical house from the last 100 years: Level 2.
- A period property, a listed building, a home with extensions or one that needs work: Level 3.
If the survey finds problems
You can get quotes for the repairs, renegotiate the price, ask the seller to fix them before completion, or walk away before exchange.
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Compare up to 5 quotesFrequently asked questions
Do I need a survey for a flat?
It is still worth it. A survey can spot damp, roof and structural issues that affect the whole building, and your share of the costs.
When should I book the survey?
Soon after your offer is accepted, so there is time to act on the findings before exchange.
Useful pages
