Mortgage News
A closer look at surveying
In the midst of all this economic doom and gloom, freezing weather and extra focus on energy efficiency there’s never been a better time to really get to grips with the range of surveys and valuations on offer to your clients.
A level 2 survey and valuation offers comprehensive information that’s clear to understand, and it’s prepared for the client, rather than the lender. This creates a private contract, which allows the client access to the valuer should they have any questions or want to discuss any issues raised. The report utilises repair categories which explains the condition of the property and indicates the urgency of repairs, allowing your clients to plan or budget for any remedial work before they even move in.
Buying a home is a monumental purchase and getting the right type of survey is important and can provide peace of mind for one of the most important decision your clients will make in their lives. Often a level 2 survey and valuation can actual pay for itself, by highlighting essential works, which may allow the purchaser to renegotiate the price. An extra few hundred pounds for the survey may save many thousands in the long run.
Colleys is the largest surveyor of its kind in the UK, offering residential property expertise through a range of valuation and survey products, designed with the customer in mind.
For more information simply visit www.colleys.co.uk and click on intermediary then products.
Please note, to comply with regulatory requirements, the discussion around the range of surveys available must be positioned as a non-advised process, at the mortgage application stage. Your clients must decide on the level of survey that is most appropriate for them.
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