Homebuyer Report Overview
The new Home Buyer Report is a standard format inspection and report carried out by a Chartered Surveyor who is licensed for this service with the Royal Institution of Chartered Surveyors (RICS). The RICS launched the new report format in July 2009. From 1 April 2010, the previous Homebuyer Survey & Valuation (HSV) report format was withdrawn. The RICS says the new format is an improvement on the old HSV format in as much as it is easier to read, more streamlined and generally more consumer friendly. It is less comprehensive than a Building Survey but more comprehensive than a simple Valuation.
What are the benefits of a Homebuyer Report?
According to the RICS the benefits of the new Homebuyer Report (HBR) are:
A clear layout which is easy to understand so that you will quickly find the details you need.
Reference to the energy performance of the property, as recorded in the Energy Performance Certificate, bringing the report up to date.
Colour coded condition ratings make it easier to interpret the condition of various elements of the property.
Get a set of estimates for Homebuyer Reports
Please complete the form above, with details about your property. You will then be presented with a set of estimates for a Homebuyer Report from a number of Chartered Surveyors. You will be given their contact details and they will be given your contact details. This is done instantly and there is no delay. You can then contact each other quickly and efficiently. There is no middle man involved and the prices tend to be very competitive. Before selecting a possible supplier you should ensure that they have satisfactory qualifications, accreditation, experience and insurance.
What other types of Survey are there?
If your prospective new home is an old building or one that is in need of refurbishment, then instead of a Homebuyer Report you may wish to consider getting a full Building Survey which is a more comprehensive report.
Your Building Society or Finance provider may commission a Valuation report. This slimmed down report can be very useful but it should be noted that it is produced more for the lender, rather than the purchaser, and may not necessarily contain the detail that you require.
If you want to find out which type of survey might be appropriate for your property, please have a look at our information page on the differences between surveys to find out .
If you are looking for contact details for Mortgage Brokers then click here.
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