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Lender’s Mortgage Valuation Reports [Scheme 1]

A basic report tailored to suit individual lender’s requirements for mortgage purposes.  It should be noted that a lender valuation  is not a survey.  It’s a limited check on the property that your mortgage lender carries out to ensure it's worth the money they’re lending you.

 

Home Reports

Since December 2008 a Home Report has been required by law for homes in Scotland that are marketed for sale.  A Home Report consists of a Single Survey report  and valuation, Mortgage Valuation Report (MVR), an Energy Report with Energy Performance Certificate (EPC) and a Property Questionnaire.   Legislation dictates that a Chartered Surveyor must carry out the Single Survey and Mortgage Valuation and Energy Report.  The Property Questionnaire is completed by the home-owner.   
Home Report documents can be no more than 12 weeks old when the property is put on the market for sale. There is no set “shelf life” or “use by date” for a property’s Home Report but home owners should take advice from a chartered surveyor if their property takes a long time to sell as it may need “refreshing”.   Additional information regarding Home Reports can be found at www.scotland.gov.uk

 

Valuation Report of Residential Property (VRRP).

Our customised report, in an easy to follow layout, provides detail on type, accommodation, construction, site, services, outbuildings, condition, recommended repairs, matters affecting value, an insurance recommendation as well as an Opinion of Value. 

Homebuyer Report (HBR) [Scheme 2]

The standard Homebuyer Report is in a format defined by the Royal Institution of Chartered Surveyors and is most suitable for conventional properties built within the last 150 years, which are in reasonable condition.   A HBR includes detail of

  • The general condition of the property
  • Any major faults in accessible parts of the building that may affect the value
  • Any urgent problems that need inspecting by a specialist before you sign a contract.
  • Investigate for dampness in the building and report findings. 
  • Damage to timbers – including woodworm or rot
  • The condition of any damp-proofing insulation and drainage (drains are not tested)
  • The estimated cost of rebuilding the property for insurance purposes
  • The value of the property on the open market

Building Survey [Scheme 3]

Suitable for all properties especially:

  • Listed buildings
  • Older properties
  • Buildings constructed in an unusual way
  • Properties you plan to renovate or alter
  • Properties that have had extensive alterations

It examines all accessible parts of the property and you can ask to have specific areas included. It is a product which can be tailored to your needs, agreed between you and your surveyor.

A Building Survey can include details of:

  • Major and minor defects
  • Investigate dampness and report on findings
  • Damage to timbers – including woodworm and rot
  • The condition of damp-proofing, insulation and drainage
  • Technical information on the construction of the property
  • The location
  • Recommendations for any further special inspections
  • The possible cost of repairs – if required.

A Building Survey doesn’t include a valuation but this can be provided separately if required. See also Building Surveying section

Energy Performance Certificate (EPC)

An EPC is required by law when a building is constructed, sold or put up for rent. Relevant data is collected to create the certificate including, date, construction and location of the house and relevant fittings, eg heating systems, insulation or double glazing etc.

Its purpose is to record how energy-efficient a property is as a building and advise you how to make your home more energy efficient. The certificate will provide a rating of the property from A to G, where A is very efficient and G is very inefficient. The rating will vary according to the age, location, size and condition of the building. The potential rating on the certificate will take these factors into account, and the suggested measures will be tailored so that they are realistic for the particular building.

Energy Performance Certificate (EPC)

An EPC is required by law when a building is constructed, sold or put up for rent. 
Relevant data is collected to create the certificate including, date, construction and location of the house and relevant fittings, eg heating systems, insulation or double glazing etc.
Its purpose is to record how energy-efficient a property is as a building and advise you how to make your home more energy efficient.  The certificate will provide a rating of the property from A to G, where A is very efficient and G is very inefficient.  The rating will vary according to the age, location, size and condition of the building.  The potential rating on the certificate will take these factors into account, and the suggested measures will be tailored so that they are realistic for the particular building.