The surveying industry has been accused of being moribund and resistant to change. It has been forced to accept competition and there are more exciting products due to come to market. Choice is now available and competition will reduce prices. We shall be offering the following products once trialling has been satisfactorily completed.
Home Purchase Survey (HPS)
This is a back to basics survey for the buyer of a property. Currently many purchasers consider the valuation required by their mortgage lender to be a survey. It is of limited value as a survey and the main purpose is to protect the mortgage lender. In fact many are “drive by” valuations and even these are under threat and increasingly replaced by Automated Valuation Models (AVMs).
It is estimated that presently only 1 in 5 purchasers have a survey.
The Institute of Home Inspection felt that an alternative survey was needed to serve modern requirements. It is to be externally audited and will be carried out by surveyors who have had the correct training and understand buildings. It is not intended for valuation surveys where conflict of interest can arise from the need to protect the mortgage lender and avoid negligence claims by recommending specialists at every opportunity.
It is to be in plain English in an easily readable format.
To find out more or to place a booking,
please contact MyInspector on:
Phone: 020 8441 9038
Email: info@myinspector.co.uk