Why do you need a Survey?

 

There is a common misconception that your Mortgage Broker has arranged a Survey.

 

Generally, your mortgage broker or bank will instruct a mortgage valuation unless you request a more detailed inspection (a full Survey). If this is the case, the valuer is responsible to the lender, not to you, even if you have been asked to pay a valuation fee.

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A building Survey or Home Survey (previously known as a Homebuyer report) carries out detailed inspection of the property you are looking to buy and tells you hat you need to know to protect you against defects and items of disrepair.