Residential Survey and Valuation

Residential surveys offer complete peace of mind to a residential property buyer – or, they flag up issues before a purchase goes ahead. As a lender, valuation panel, housing association or even as a private individual, these surveys are a vital aspect of any residential property valuation.

Our services across Staffordshire, South Cheshire and the surrounding areas

We are a RICS regulated firm so our valuations and surveys give you or your client clear and actionable advice.

Mortgage valuation

These reports are instructed by banks and financial institutions to advise them in the secured lending of money against a property. The report provides a concise summary of the characteristics of a property, any potential defects or areas of disrepair that may require further investigation, and a reasoned opinion of its value.

Private valuation

Often commissioned by a purchaser who does not require a mortgage, a residential valuation report is similar to a mortgage valuation. But, whilst the report comments on the general condition of a property, a buyer primarily uses the report as validation that purchase price is representative of market value. This type of valuation is also used for inheritance tax purposes, assessing capital gains tax liability and matrimonial matters.

Residential survey (RICS homebuyer survey)

This type of residential survey involves a more detailed inspection with a particular focus on condition and repair. The report includes a traffic light system to rank the condition of individual aspects alongside commentary on the following features:

• A list of problems that the surveyor believes may affect the value of the property
• Advice on repairs and maintenance that may be required
• Issues that need to be investigated by a specialist third party
• Conveyancing legal issues
• Opinion of Market Value
• A reinstatement cost assessment for insurance purposes

Acting on behalf of local housing associations

Mounsey Surveyors provide valuation reports for the disposal of redundant properties, right to buy applications, shared equity ownerships and residential development sites.

Confidential advice

We also provide confidential, efficient advice according to the specific reporting requirements of our clients.

To discuss your residential survey and residential valuation requirements please contact a member of our team on 01782 202294.