Do Estate Agents Charge for Probate Valuations​?

Probate can often be a difficult and confusing time, especially when dealing with the deceased’s estate. Estate agents offer an easy solution for valuing the estate’s property, but do estate agents charge and can you use this for probate?

Estate agents generally do not charge for an informal probate valuation. However, an estate agent’s valuation is an estimate based on similar sales of properties in the area. For probate, it’s best to get a professional valuation from an RICS Surveyor so that it can be accepted by HMRC.

Read on to find out more about why estate agents provide free valuations, when they can be used for probate, and more.

Do Estate Agents Do Free Valuations for Probate?

Estate agents will generally not charge a fee to complete an informal probate valuation, particularly if you’re paying for the agency’s services. You can talk to most estate agents for free and get a general idea of the market value of the property.

However, some estate agents will charge a small fee, usually a percentage of the property’s value. This is usually below 1% of the market value.

Can I Use an Estate Agent Probate Valuation for Probate?

The valuation that an estate agent is able to provide is informal and usually provided by comparing similar properties that have been sold in the area. This is normally completed without visiting the property and accuracy can vary as a result.

This can be used to get a general idea of the property’s market value, which can be used for probate in cases where the overall value of the entire estate is below £250,000. For estates worth more than this amount, you will need to gain a specialist valuation from an RICS-registered Surveyor.

In cases where the property is worth over £250,000, a surveyor will come to the property and complete an in-depth, accurate valuation of the property that HRMC can accept to calculate inheritance tax.

Even if the estate is valued below the £250,000 threshold, you may want to get a more accurate valuation from a surveyor to ensure that you can prove that the valuation of the property is accurate. This can help you avoid any tax issues in future.

For more guidance on whether you should get a professional valuation for probate, read our blog: Do I Need an Official House Valuation for Probate in the UK?

Why Do Estate Agents Offer Free Valuations?

Free valuations are a big part of an estate agent’s marketing funnel. Most people will get around 3 valuations from different estate agents, but the vast majority of those will end up selling with one of the agents that gave them a valuation.

This means that estate agents can spend a small amount of time creating an informal valuation for around 10-25% of them turning into house sales (and commission).

One concern for the homeowner here is that some estate agents might inflate the property’s value to get the owner excited about selling and influence them to choose that agency. For probate valuations, this can cause a big issue since tax is involved.

For information on how much a specialist valuation will cost, you can use our House Survey Cost Calculator.

And aerial image of the Thames River.

RICS-Registered Surveyors In London & The Home Counties

Crest Surveyors are trusted RICS Surveyors that provide a range of survey and valuation services, including Property Probate Valuations. We cover a large area spanning London, the Home Counties, and the South East of England.

Our expert surveyors will provide you with an accurate probate valuation that can be submitted to HMRC as part of probate. We don’t use any technical jargon in our reports and will ensure that you understand every aspect, setting you up for an easier probate process during an often difficult time.

Get in touch with a member of our team to discuss your requirements today.

How Many House Valuations Do I Need for Probate?

After someone dies, probate is required in most scenarios. This refers to the legal process of dealing with a deceased person’s estate, including any property. The first step of probate is to value the estate to determine whether inheritance tax is due, which requires a house valuation. So, how many house valuations are needed for probate?

The number of property valuations required for probate will depend on whether you choose an estate agent valuation or an RICS-registered surveyor valuation. If you choose an estate agent valuation, these can be fairly inaccurate so it’s best to have three completed and take an average. However, because a RICS probate valuation is so accurate and highly regarded, only one is required. 

Read on to learn more about the different types of house valuations for probate, which is the best option and the other required valuations.

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How Many House Valuations for Probate?

The number of house valuations you need for probate will depend on the type of valuation you get and who carries it out.

Estate Agent Valuations

One way to get your house valued for probate is through an estate agent. Most estate agents will offer free property valuations in the hope that you will use them if you decide to sell the property. Because estate agent valuations are often inaccurate, it’s best to get multiple valuations from different agents (at least three) and average the results. 

However, using an estate agent’s valuation is not generally recommended for probate, especially for larger estates. This is because estate agents will provide you with the market value (the sale price an estate agent would hope to achieve based on similar properties in the area), rather than the probate value (a realistic valuation based on the property being offered on the open market at the time of death based on HMRC guidelines). Read more about the difference between these two types of valuations in our blog, ’What Is the Difference Between Market Value and Probate Value?’.

The only way to get an accurate probate valuation is to use a RICS-registered surveyor.

RICS-registered Surveyor Valuation

Also known as a Red Book valuation, a valuation from the Royal Institution of Chartered Surveyors (RICS) is the best option for probate. Because RICS valuations are much more accurate than estate agent valuations, you only need one. RICS-registered surveyors have an in-depth knowledge of the property and years of training and experience.

Which House Valuation Is Best for Probate?

According to HMRC’s official guidance, a professional probate valuation from a chartered surveyor is required for estates worth over £325,000. For estates worth less than £325,000 (or estates that are being passed in their entirety to a spouse or civil partner), an informal valuation from an estate agent may suffice. 

However, an RICS-accredited valuation is still recommended for all probate estates because it is the most accurate.

Why Is It Important to Provide an Accurate Valuation for Probate?

The value of an estate (including property) determines how much inheritance tax is owed and needs to be paid to HMRC. An inaccurate property valuation can lead to penalties from HMRC.

All property valuations for probate can be subject to examination by the District Valuer Services (DVS) of HMRC to ensure they are accurate. If the DVS feel that a valuation is not correct, they can challenge the valuation and request evidence. HMRC can impose financial penalties if they feel that the probate administrators have been ‘negligent’ in their valuation of the property. Using an accurate RICS-registered probate valuation is the best way to avoid this.

A small cobbled street with bushes and a row of terraced houses.

How Many Valuations for Probate in Total?

The probate valuation of an estate should include everything the person owned at the time of their death, minus any debts. So in addition to a property valuation, you will also need to value other assets, including:

  • Land.
  • Personal possessions, such as cars, antiques, art and jewellery.
  • Savings and investments, including money in bank accounts, stocks and shares, and bonds. 
  • Insurance policies and pensions.

Do I Need Professional Valuations for Other Assets?

The majority of other assets will not require a professional valuation. For example, free online valuations for cars are easy to obtain. According to HRMC, you only need to consider a professional valuation for single items worth over £1,500. 

For unusual or high-value items, such as rare artwork or valuable jewellery, it is best to get a professional valuation from a specialist. 

Each of these will need to be valued by a relevant expert and you won’t be able to get all of them in one place. For a property probate valuation, you can visit our Probate Valuations page for more information.

House Probate Valuations in London and the South-East

At Crest Surveyors, we understand how confusing, time-consuming and challenging the probate process can be, especially when also dealing with the loss of a loved one. We offer professional RICS-accredited valuations to ensure the property is accurately valued and avoid any unnecessary issues with the inheritance tax process. 

All our probate valuations are completed by our experienced team of RICS-Registered Surveyors. We will work with you to guide you through the process during this difficult time. Our house valuation for probate prices starts from £450, including VAT.

Get in contact with one of our team members to receive a probate valuation quote or for more information about what is included in our service.

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Probate House Valuations FAQs

What is a Probate Valuation?

A probate valuation is a calculation of the value of a person’s assets at the time of their death. This includes property, savings, investments and personal possessions. The probate valuation is used to determine whether an estate is liable for inheritance tax and how much is owed to HMRC. Read our blog, ‘What is a Probate Valuation?’, to learn more.

Do I Need an Official House Valuation for Probate?

Yes, an official house valuation is required for probate and inheritance tax purposes. Ideally, this should be completed by a RICS-registered surveyor to ensure it is accurate. The only exception is an estate is being passed to a spouse or civil partner in its entirety in which case there is no inheritance tax to pay. Our blog, ‘Do I Need an Official House Valuation for Probate?’, has more in-depth information.

What Is the Minimum Estate Value for Which Probate Is Needed?

Probate is not required for very small estates worth under £5,000 with no property. The other scenario when probate will not be required is when an estate is passed to a surviving spouse or civil partner.

Do Estate Agents Give Accurate Valuations for Probate?

No, most estate agents will not provide you with an accurate valuation for probate. They can provide an option on a property’s worth based on similar properties in the area, but they can not provide an accurate formal valuation. Some estate agents may inflate the value of a property and provide you with an ‘asking price’ rather than the open market value (OMV).

A formal probate valuation undertaken by a RICS-registered chartered surveyor is the best option to ensure the probate process goes smoothly.

Should You Get Your House Valued by More Than One Estate Agent?

Yes, whether you are getting a property valued for probate or another reason, it’s best to get two or ideally three different valuations if you’re choosing to go to an estate agent. You can then take an average of these three valuations. This is necessary as estate agent’s valuations are not as accurate as formal property valuations carried out by chartered surveyors.

How Do You Know If Damp Is Serious?

There are many issues you need to keep an eye out for in your home, including the presence of damp. With the ability to cause a range of issues, damp is something to be on the lookout for and, ideally, solved as quickly as possible. So, what is damp and how do you know if it’s serious?

Damp is the presence of unwanted moisture on your home’s surfaces, leading to dangerous black mould if it’s left untreated. This is serious, because not only can damp damage your property, but the resulting black mould can have serious health implications. Getting to the root cause of your damp is important and can save on costly repairs.

Read on to find out more about what causes damp, if you should be worried about damp, what will happen if you leave damp untreated, and more.

What Causes Damp?

Damp is caused by the build-up of water and moisture in your property. The following common signs can help you identify dampness in your home:

  • Condensation on windows.
  • Discoloured or dark patches on your plaster.
  • Water droplets on your wall or surfaces.
  • Rotting woodwork.
  • The presence of black mould.


You can find out more about dealing with damp in your property here. Alternatively, our surveyors are on hand to help, so contact us today to find the source of your problem and get on the path to solving it.

Should I Be Worried About Damp?

Dampness in your property can cause a multitude of problems, for both you and your building. If it’s left untreated, damp can cause black mould, which is dangerous and can lead to health issues. Fevers, coughs, and other unpleasant symptoms can all result from the presence of black mould, so dampness should be seen as a serious issue.


Damp walls and surfaces can also cause significant damage to your property. Rotting wood, growing fungi, or other serious structural issues are a possibility. This is why it’s important to get help from a Crest surveyor if you’re worried about damp in your property or one you’re considering purchasing.

What Does Severe Damp Look Like?

There are many common signs of damp you need to be aware of, but some of them can be more serious than others and are a sign of severe issues:

  • Mould: Black mould can be harmful to your health. If you’re seeing it in your property, you need to resolve the damp issues as soon as possible.
  • Crumbling Plaster: Severe damp can cause plaster to start crumbling, especially lower down on your walls.
  • Rotting Wood: Not only can excessive moisture start to rot your skirting boards, but your floorboards too. In combination with other factors, this can lead to structural issues.

Discolouration: Severe damp can begin to discolour your walls, ceilings, or floors.

How Can I Tell Where Damp Is Coming From?

Identifying the source of damp early is key to treating it and preventing further impact on your property. There will be signs both inside and outside the building that will help you find out where the moisture might be coming from.

Inside:

There are multiple ways to find the source of damp on the inside of your property. They can include:

  • Rising damp is a sign of damp coming from the ground and will often affect the lower parts of your property. Marks on walls no more than one metre from the ground or rotten skirting boards can both be an indicator of rising damp, among other things.
  • Wallpaper peeling from the lower parts of your walls.
  • Other wooden elements rotting.
  • A stale smell.

Outside:

External walls can also provide a good indication of where excess moisture might be entering your property. The following list is just a few things you can look out for to help you find the source:

  • Damaged brickwork.
  • Growth of moss or algae.
  • Blocked or damaged gutters.
  • Missing roof tiles.

How Do I Know If My House Is Too Damp?

There are some simple ways to find out if your property is starting to become too damp. You might see condensation on your windows, especially in the morning. You can also check your walls. They might feel damp or cold to the touch, which is a sign of excess moisture. It’s also possible that you will notice a rise in your utility bills, as dampness may make your home feel colder. Moist air also requires more energy to heat than dry air, so eliminating as much excess moisture as possible should be a focus.

How Do You Know If Damp Is Affecting You?

The health impacts of dampness in your home are just as important to recognise as the possible structural issues it can cause. There are an abundance of ways the presence of damp and resulting mould can affect you personally, but here a just a few: 

  • Respiratory Issues: The majority of contact made with the dangerous products of damp happens through breathing them in. This means that many of the health issues caused are found in the lungs and airways. Symptoms can range from a general cough to an increased risk of developing infections.
  • Irritation: Some may suffer from allergic reactions after exposure to damp or mould. Eye irritation and itchy skin are both signs that the damp in your home is affecting you.
  • Other Infections: Other fungal infections can also be caused by exposure, especially in those with weakened immune systems. This includes, but is not exclusive to, skin infections.
  • Mental Health: Living with damp or mould could also impact your mental health. This could be due to the damage to belongings, delays in repairs, or many other obstacles you might face before treating the issue.
An open window with a radiator below it.

What Happens If Damp Is Left Untreated?

The more serious your damp problem is, and the longer it is left untreated, the worse the risks to both you and your property are likely to be. Structural damage, interior damage, and health impacts can lead to huge financial and emotional costs.


Not only can damp issues mean higher heating costs, but an ongoing problem can make it difficult to sell or remortgage your property. All of the resulting problems mentioned in this blog can be avoided if you treat dampness as soon as possible. Get in touch to start the process with Crest Surveyors today.

Trusted Surveying Services

If you’re worried about issues in your property or a property you’re looking to buy, we can provide you with expert house surveys to give you piece of mind and allow you to fix issues before they get worse.

 

All of our surveyors are members of the Royal Institute of Chartered Surveyors (RICS) and have years of experience offering you great support and expert advice.

 

You can count on us for:

  • Value For Money: We aim to provide great value services, no matter your individual requirements.
  • Superior Support: Crest provides expert advice tailored to your needs.
  • Fast and Reliable Service: With most of our surveys, you can expect results within six working days.
  • Excellence: All of our surveys and valuations meet the rigorous requirements set out by RICS.
  • Stronger Negotiations: We can help you secure the best possible price, whether you’re buying, selling, or renting.


Interested in booking our surveying or valuing services? We’ll be happy to talk you through our services and give you a hand in deciding what’s right for you. Then, we can schedule an appointment to get you started. Get in touch with Crest today to find out more about what we can do for you.

FAQs

A dehumidifier can help with dampness in your home, but will not get rid of it completely. They work by extracting moisture from the air, and can help reduce moisture levels and prevent mould. However, dehumidifiers are less effective in larger areas and will not address the root cause of dampness. Finding and addressing the origin of the issue is key and our surveys can help with this.

On top of the common signs of damp we mentioned earlier, you can also look out for others, like a musty smell that isn’t coming from something else, or bubbling and peeling paint. There are many things that can tell you if your property is developing issues with damp, and it’s important you get them treated as soon as possible.

Damp in your home can cause a range of symptoms:

  • Respiratory Problems: Such as wheezing, shortness of breath, and coughing.
  • Allergic Reactions: Such as sneezing, skin rashes, or a runny nose.
  • Irritation: Such as a sore throat, or red, itchy eyes.


Existing allergy conditions and asthma can also be worsened by dampness and its resulting mould. Certain groups of people, like the elderly or those with weakened immune systems, are more at risk. If you have symptoms that persist, please see a doctor.

Does Japanese Ivy Destroy Brick?

Does Ivy Destroy Brick? ​

Whether you’re looking to buy, sell, or rent a property, it’s important to know about everything that could affect it in the future. Not only do you have to think about the structure itself, but it can also be affected by nearby influences, like plants. So, does ivy destroy brick?

Yes, Japanese ivy can destroy the bricks found on exterior walls. It can also become destructive to other exterior features, like paths, drains, or fences. This invasive plant’s stem is strong enough to damage your property’s foundations and needs to be managed as soon as possible.

Read on to learn more about Japanese ivy, and how it might affect you and your property.

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What Damage Does Japanese Ivy Do To Walls?

Japanese ivy, also known as Japanese knotweed, is an invasive, rapidly growing plant that can become destructive if left to grow. Identifiable by its heart-shaped leaves and bright white flowers, this plant can damage exterior walls and other structures, like drains, paths, or fences. During early Spring, Japanese knotweed also develops a bamboo-like stem. This can grow up to seven inches and is strong enough to damage the foundations of your property.

Damage to brick is something to keep an eye on if you’ve discovered Japanese ivy on your property. There are multiple ways the plant can impact exterior walls, with just a few listed below:

  • Dislodging Brick: Japanese knotweed can loosen and crumble mortar, allowing water to get behind the brick. This also increases the risk of interior damage.
  • Weakening Vulnerable Structures: Not only can Japanese ivy damage the structure of a building, but it can also weaken other vulnerable structures. For example, free-standing walls can become destabilised by the added weight or the way the plant is affected by wind.
  • Hiding Other Problems: An excessive growth of the plant could be hiding other problems on your exterior walls. If gone unnoticed, this could lead to a range of issues, including dampness.

Blocking Gutters: Keeping your gutters clean and free-flowing is important to the health of your property’s structure. Unmanaged ivy can block your gutters, leading them to overflow and cause further damage.

Does Ivy Cause Dampness On Walls?

There is evidence that Japanese ivy can be both a blessing and a curse to your walls. According to the Royal Horticultural Society (RHS), a dense patch of ivy could be hiding damp problems, allowing them to go unnoticed and get worse. Other research also shows that ivy may prevent damp from evaporating effectively.

However, there is also ample evidence to show that Japanese knotweed can provide some benefits to your property. It can shield your brickwork from heavy wind and rain, which can both cause damage and lead to damp. The effect of ivy on your property varies depending on location, building materials and other aspects of the building. 

Unsure whether Japanese ivy is helping or harming your home? Get in touch with Crest Surveyors today to find out more.

Should You Remove Ivy From Walls?

It’s illegal to attempt to remove and destroy Japanese ivy yourself, under the Environmental Protection Act 1990. This plant is fast-growing and difficult to remove, so a specialist will need to take down and destroy any you find on your property.

If you’re looking to purchase a property that may have Japanese knotweed damage, you’ll first need to investigate the extent of the damage. You can find out more about how ivy can affect the buying process here.

Does Ivy Devalue A House?

Japanese knotweed is known to decrease house prices by 10 to 15%, depending on the severity of the case. If you’re planning on selling a property, you’ll need to disclose the presence of the plant. It’s best to do this before you put your property on the market, so you can get an accurate valuation and a treatment plan can be put in place.

How Can We Help?

Here at Crest Surveyors, we have an expert team on hand to help you find out the extent of your problem and what to do next. We can give you a hand figuring out which survey will be best for you, or give you more information on the effects of Japanese knotweed on your property.

Get in touch today to learn more about your home, whether you’re buying, selling, or renting.

Japanese Ivy FAQs

Can You Get Rid Of Japanese Knotweed?

Yes, it’s possible to treat and dispose of Japanese ivy. As it’s an invasive plant, you’ll need specialist help to make sure you’re following the law and minimising the spread.

Who’s Responsible For Removing Japanese Knotweed?

It’s the landowner’s responsibility to safely remove and dispose of this plant.

What If My Neighbour Is Growing Japanese Ivy?

You may need to examine whether the plant is present on any neighbouring properties that present a risk to your building, especially if you’re planning to purchase. Let them know as soon as possible and, if they don’t treat the growth, you may be able to bring a claim against them.

How Much Foundation Movement Is Acceptable?

Significant foundation movement can be a sign of structural damage which can be costly to repair. If you’re concerned about foundation movement, you need to know how much movement is acceptable and how much is cause for concern. 

Most building codes define acceptable foundation movements in millimetres over a specific period. For a residential building, an acceptable foundation movement is less than 25 mm over 12 months. Lateral movement (from side to side) should not exceed 6 mm.

Read on for a more detailed explanation of acceptable foundation movement, the causes and the warning signs to look for. 

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How Much Foundation Movement Is Too Much?

Although some foundation movement is considered normal, excessive movement can compromise the building’s structural integrity and have disastrous long-term consequences. Most building regulations define acceptable foundation movement for a residential structure as a maximum of 25 mm over 12 months. Lateral movement (from side to side) should not exceed 6 mm.

However, the acceptable level of foundation movement can vary based on soil type, the building’s design and local building codes. For example, a single-story building, such as a bungalow, can typically tolerate a higher level of movement than a multi-story building. 

If you’re concerned about foundation movement in your property or a building you’re purchasing, it is essential to book a building defect survey to assess the problem. If you want the most comprehensive survey, a full structural survey might be the better option. Have a look at our blog, ‘What Is Looked at in a Full Structural Survey?’, for more information about what is included. 

What Causes Foundation Movement?

There are a range of issues which can result in foundation movement. Here is an overview of the most common causes. 

Poor Drainage

If your property has insufficient drainage, the added moisture saturates the soil making it expand. This causes uneven support and puts pressure on the foundation walls causing movement. Poor drainage can be caused by blocked gutters, damaged roofs, negative slopes and standing water.

Tree Roots and Plants

Invasive tree roots can also cause foundations to shift over time. Other plants, such as Japanese Knotweed, can also cause significant structural issues. 

Environmental Changes 

Extreme weather conditions can also damage foundations, although this is rare. Heavy rain can cause soil to swell, while drought causes the soil to shrink. This can cause the foundation to shift and impact the property’s structure. 

Soil Type

Soil type and composition can impact the long-term stability of foundations. Clay soil can change significantly in volume as the moisture content changes, which can lead to foundation movement if it has not been accounted for during construction

Negligent Construction

If low-quality materials have been used during construction or the foundation has been laid incorrectly, this can result in foundation movement and significant damage that is costly to repair. If you’re thinking of buying a property, a RICS Homebuyer Survey is essential to assess the condition of the building. 

What Are the Signs of Excessive Foundation Movement?

There are several signs of excessive foundation movement that you should look out for when viewing a property or if you’re concerned about your building’s foundations. 

These signs include:

  • Sudden cracks on interior and exterior walls, floors, tiles or ceilings. 
  • Doors and windows which stick or don’t function properly.
  • A visible lean or tilt of the building or a leaning chimney.
  • Bending walls or gaps appear between the wall and the floor or ceiling.
  • Creaking or cracking sounds.
  • Rot or dampness issues.

When Should I Be Worried About Foundation Cracks?

One of the most common signs of foundation movement is cracks. However, it can be difficult to tell the difference between harmless cracks as a result of normal settling and cracks which indicate structural damage and a shifting foundation.

If you notice the following in your property or the property you’re purchasing, you should book a building survey by a registered surveyor:

  • Large cracks that are wider than 4mm
  • Cracks which are wider at one end
  • Cracks that get bigger over time
  • Horizontal cracks in foundation slabs 
  • Significant diagonal cracks
  • Stairstep cracks in brick walls 
  • Cracks that go across the ceiling and down a wall
  • Several cracks grouped together 

Structural Surveys in London by Crest Surveyors

If you are concerned about foundation movement in your property or a building that you are purchasing, you must get this looked at as soon as possible. The RICS-qualified Chartered Surveyors at Crest are here to help. 

A building survey is the most suitable option if you need to diagnose defects, damages, and potential issues with a property, including foundation movement and structural damage. Crest Surveyors offers comprehensive RICS Building Surveys in London and the South East of England.

To learn more about what’s included in our building survey or speak to one of our experts about your foundation movement issues, get in touch with us today. Call us on 020 3940 1118 or fill out our contact form.

Foundation Movement FAQs

What Is Foundation Movement?

A foundation or structural movement is when a property moves away from its original foundations. Any issues with a property’s foundations must be identified and rectified quickly to ensure the building is safe and structurally sound. Any foundation movement can be identified by a RICS-qualified surveyor using a Building Survey.

How Much Foundation Settling Is Normal?

A small amount of settling in the first few years after a home is built is normal. Thin hairline cracks may appear. However, it’s still essential to be vigilant and monitor any cracks to ensure there are no structural problems. 

Non-structural cracks should be vertical and 5-15 cm long. Wider cracks, longer cracks or any diagonal or horizontal cracks could be a sign that something is wrong with the foundation and you should seek professional help

What Are the Red Flags on a House Survey?

Many of our clients are overwhelmed by the number of things that they should be looking out for when buying or viewing a property. Because of this, it’s very easy to miss an important issue that you haven’t even thought about. That’s why we wrote this guide to the biggest red flags on a house survey and why they’re important. So, what are the red flags on a house survey?

The main red flags that come up on a house survey include:

  • Damp
  • Structural issues
  • Asbestos
  • Invasive plants
  • Damaged drains & gutters
  • Infestations
  • Roof issues
  • Poor insulation 

Hiring an experienced RICS Surveyor will ensure that none of these issues are missed, and could save you thousands of pounds on unexpected repairs and maintenance.

Read on to find out more about the red flags on a house survey, why they’re important, and who pays to fix them.

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What Fails a House Survey?

Technically, you can’t actually fail a house survey. However, it can be marked poorly for many reasons and the survey can state that it is in bad condition. These are the most common red flags that we record on our house surveys.

Damp

If you’ve viewed a lot of properties, chances are that you’ve seen at least one with visible damp issues. We’ve seen everything from poor ventilation causing mould around the windows to water damage through the entire kitchen wall due to a leak upstairs.

Because this covers such a range of issues, the amount that damp can cost to fix varies. These can sometimes be fixed through simple DIY remedies, but in the worst cases, it can cost several thousands of pounds.

To find out about the causes of damp and what to do about it, read our damp issues page.

Structural Issues

Structural issues are much more common than you would think and can be one of the most costly issues to fix. They’re often difficult to notice, which is why you need an experienced RICS Surveyor to complete the survey. 

In general, they can be found by spotting cracks and damage to the structure of the building. Some cracks are completely normal, so the hard part is being able to tell if it’s an issue or not!

Asbestos

Due to its water resistance, heat resistance, chemical resistance, and strength, asbestos was a common building material until it was banned from the UK in 1985 (or 1999 for white asbestos).

Asbestos was banned because when damaged, asbestos releases hazardous fibres that are suspended in the air. If breathed in, they can induce cancer and other conditions such as asbestosis.

Because it’s so dangerous and can be used throughout a house, it can be very costly to remove. You’ll need an asbestos specialist to come and remove it for you, and the removal should never be completed by anyone else.

For more information on asbestos issues, read our asbestos page.

Invasive Plants

Invasive plants like Japanese Knotweed can cause damage to buildings and gardens. Since 2013, it’s been a requirement for house sellers to state whether Japanese Knotweed is present on the property, however, it’s important to check yourselves in case they didn’t notice or hid this information.

For more information on Japanese Knotweed and how it can affect a house, visit our Japanese Knotweed page.

Damaged Drains & Gutters

Damaged or faulty drains and gutters can lead to further damage in other areas of the property. Evidence of ponding, water damage, or a backlog of water can be a sign of drainage issues.

This is generally a cheaper issue to resolve, but if it has already led to further damage you could be looking at a large cost.

Visit our roof & guttering issues page for more information about common faults that may arise.

Infestations

Infestations can cause a lot of anguish in a property and often cost a fair amount to get rid of. Moths and other insects can eat through insulation, which might need to be replaced for the moths to be removed.

The most costly infestation is that of wood-boring insects. If the property is built using timber, wood-boring insects can cause a lot of structural issues. The average cost for removing an infestation can range from £500 – £1,000 for the treatment and repairs.

Roof Issues

Cracked tiles, blocked guttering, and unstable roof structures can all be signs of roofing issues. These can be hard to spot, but a surveyor will look from opposite the house or any nearby, accessible high ground to spot problems.

Costs to fix can be anywhere from £100 for a few tiles to £7,000 for a full roof retile. 

Insulation

Insulation issues can not only be costly to fix, but they’ll cost you more money until you fix them too due to higher heating bills. Potential problems can include damaged insulation, missing insulation, or insulation that isn’t placed correctly.

What Happens After a Bad House Survey Report?

If you’re looking to buy the property and receive a bad survey report, you have the important choice of whether or not to continue your offer. If you choose to continue, you can also reduce your offer to cover the costs of the potential repairs listed in the report.

We’d recommend getting quotes from relevant professionals so that you can show them as evidence for the reduced offer.

Alternatively, the seller can also choose to pay to fix the issues themselves before they sell the property. In this case, you wouldn’t be able to reduce your offer since the issues are fixed, although we’d recommend getting a professional to check over the repairs before moving forward.

RICS House Surveys With Crest Surveyors

At Crest Surveyors, our highly qualified RICS Accredited Surveyors don’t use any industry jargon and complex explanations to ensure that you understand all of the issues in the property. We break everything down with the next steps to take.

For information on our house survey options, visit our HomeBuyer Survey page. You can also use our house survey cost calculator to find out the exact price for your property! For any questions about our services or to book an appointment, get in touch with a member of our team.

What Does a House Survey Include?

Buying a house can be a really stressful process. There are so many things to consider, and this can take away some of the excitement. A crucial part of buying a house is getting your chosen property surveyed. We are going to look at what is included in a house survey and what to expect from your surveyor. So, why is a house survey so important?

A house survey is vitally important because it can highlight any potential defects that a property may have. These issues could devalue the house and therefore allow you to weigh up any potential costs for the work required and negotiate your offer price accordingly.

Read on for more information on what is included in a house survey checklist.

Jump to section:

What Shows up on a House Survey?

A house survey is a physical inspection of the property you are purchasing. You should expect to see information relating to:

  • Walls & Ceilings
  • Uncovered flooring
  • Chimney & Flues
  • Windows
  • Joinery
  • Roof
  • Fireplaces
  • Damp checks
  • General construction 
  • Outside areas including outbuildings, fences and boundary walls.

Does a Surveyor Check the Roof?

A surveyor will do a visual check of the roof and gutters. Usually they will stand across from the property to check for any signs of required repair. They do this to check the general condition and note anything such as missing roof tiles or gutter issues. If you believe there is a problem, it is important to communicate this so the surveyor can take a look for you. 

Will a Surveyor Go in the Loft?

If access to the loft space is available, a surveyor will go into the loft space during their inspection. They will do visual checks of the space, if there are items in the loft they will not be allowed to move these. They do this to check for any signs of damp or mould, and any visible signs of a leak. Do bear in mind that if you are having an inspection in dry weather, a leak may not always be picked up.

Do Surveyors Check Insulation?

A surveyor will not handle or move any loft insulation. However, they can note on the house survey checklist if insulation is present and its condition so you don’t have to check yourself.

Does a House Survey Check Electrics?

Electrics are a specialist area that a surveyor can’t fully inspect. They cannot check for electrical faults or make suggestions on work you may need. A visual inspection of the fixtures and fittings is completed, but this may not give an accurate picture of how efficient the electrical system is overall.

Does a Surveyor Look in Cupboards?

Large cupboards such as under the stairs or where the boiler is kept will be inspected. There is generally no need to look through kitchen cupboards unless the client has requested otherwise.

Will a Surveyor Check the Boiler?

A surveyor will do a visual inspection of the boiler and assess it for any cracks or leakage. They cannot check the installation or pipework. They may also note down the type of boiler fitted in the property. 

Do Surveyors Check Radiators?

No, home surveys do not include checking central heating systems. A surveyor can obtain an EPC (Energy performance certificate), which provides information on the energy efficiency of the home. The surveyor will also use this in the house inspection to check for any discrepancies.

Will a Surveyor Find Damp?

A surveyor will inspect the property for damp. They will have a specialist damp meter that can assess moisture levels and indicate if there is an issue. A surveyor will be experienced in what to look for and will check ceilings, floors, and walls for any damp indicators

Do Surveyors Check Every Wall for Damp?

Surveyors will check areas that are more prone to developing damp. If they suspect there is damp, they will further check this using their damp meter. This gives a reading of the moisture content. Damp usually occurs on external walls, so they are likely to pay these the most attention.

Does a House Survey Check Plumbing?

A surveyor may run taps and visually check exposed pipes, but cannot provide specialist advice. Plumbing and pipework is a specialist area that should be checked by a certified tradesperson if you believe there is an issue. 

Do Surveyors Flush Toilets?

Yes, a surveyor will flush the toilet. Perhaps something you wouldn’t think to do when viewing a property. It acts as a basic way to check the drainage system is functioning so that if an issue occurred you would be made aware.

Do Surveyors Check Drains?

No, a surveyor may run taps and flush the toilet but they cannot do a full assessment on the drainage. Any drainage covers on the property will be visually checked but a surveyor cannot carry out a full inspection.

Does a House Survey Check the Garden?

A house survey would include checking outside the property, up to the boundary walls. Fences, outbuildings, garages, and land specified in the deed would be inspected. A surveyor would check for any presence of Japanese Knotweed, an invasive and difficult plant which would significantly affect the property.

Does a Surveyor Check Windows?

Windows are part of the house survey checklist, however they would not all be checked. The type of windows installed would be noted, as well as any visible issues. Your surveyor may perform a spot check of opening a window, but would not be expected to check all in the same way.

Do Surveyors Check Flooring?

Any flooring which is exposed, so original flooring such as floorboards, would be visually checked. The surveyor would not lift up carpets or any other flooring to inspect what is underneath.

Do Surveyors Lift Floorboards?

No, a surveyor is not permitted to lift floorboards or floor hatches, except for those leading to a cellar so they are able to inspect that space.

Are Surveyors Allowed to Move Furniture?

No, a surveyor will not move furniture around. A house survey is to inspect a property visually, so there should be no requirement for moving items of furniture. If there is a particular area that is obstructed by furniture that you would like checking, try to clear this before the inspection date.

Do Surveyors Check Showers?

Showers may be checked during a home survey however it isn’t a mandatory check. They may want to note whether it is in working condition. Any plumbing associated with the shower would not be checked.

Do Surveyors Take Photos?

Yes, a house survey may include some photographs of the property. It may include general front or rear images of the property or a more specific area of the house to aid with their findings.

RICS House Surveys With Crest Surveyors

At Crest Surveyors we provide professional, detailed house surveys for properties in London and the surrounding areas. An RICS level 2 house survey is an important part of purchasing the right property for you. Knowing about potential defects before confirming your offer could help you to negotiate the price down. It’s also nice to know ahead of moving in if there are any issues you could fix beforehand. Depending on the results it could mean you change your mind altogether. See the specifications for the level 2 survey.

We also carry out the RICS Building survey (level 3) in London and the surrounding areas. This is a survey that covers all of level 2, but also focuses on the structural elements of the building.
This survey is useful for properties:

  • That have obvious structural damage or defects.
  • That has a history of structural damage.
  • Where the building is over 100 years old, or is a listed building.
  • Where the property has been extended or altered.

This survey will outline any issues and is much more in-depth. See the level 3 specifications for more in depth information 

. If you are unsure of which survey is best for you the RICS have a helpful guide on all types of survey available. Contact our RICS qualified specialists today to discuss or book in your property survey.

What Is a Probate Valuation?

Probate is often a stressful and emotionally taxing time for many, and it can seem convoluted to those that are going through it for the first time. We’ve created this easy guide to help you understand the world of probate valuations. So, what is a probate valuation?

A probate valuation is a way of analysing the value of a person’s assets when they die. This is calculated using the value on the date of the owner’s death. While all of the individual’s assets might need to be assessed, a property valuation for probate only focuses on the value of the property itself.

Read on to find out more about probate valuations, how they work, if you need a RICS valuation, how much it costs, and more.

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What Is a Probate Valuation?

The probate valuation of a property is a system of analysing the value of a person’s owner assets when they pass away. Due to recent changes to inheritance tax thresholds, this is an important task in the bereavement process.

The value of their property and possessions is assessed and calculated based on the date of their owner’s death, using a realistic selling price on the open market. In the case of the probate valuation of a property, this should be completed by RICS chartered surveyors to ensure that HMRC will accept the valuation if inheritance tax becomes an issue. Currently, any assets of £325,000 or less will not be required to pay inheritance tax, but if the estate falls above this threshold then 40% of the value will be deducted for tax.

How Do Probate Valuations Work?

For the general items and possessions of most people, you’ll be able to assess the price yourself by comparing the item with similar items that are being sold online. Start by making a list of each item they owned, before searching for the same item online and comparing the price.

For the property valuation, a RICS surveyor will assess the overall value of the property to calculate the market value of the property at the time of death. This will provide a reasonable price of what the property will likely sell for.

For any antiques or one of a kind items, such as pieces of art, it’s best to get in touch with a professional valuation expert in that field to get an accurate estimate.

What Is Included in a Probate Valuation?

Generally, all of the individual’s assets will need to be accounted for, including removing any outstanding debts. However, this will need multiple valuations depending on the assets that are being assessed. A property valuation for probate will only deal with the value of the property itself and other valuations are needed for possessions and other assets.

The probate valuation of the property will also take into account what houses are selling for in the area at the time of death.

Do I Need a RICS Valuation for Probate?

There are several reasons why you might need to gain a valuation of an estate for probate. These include:

  • Where the value of the estate is needed to make the probate application.
  • To find out if inheritance tax needs to be paid (depending on the overall value).
  • To calculate the capital gains tax on any individual items that have increased in value since the date of death.
  • To pay off all debts held by the estate and ensure that funds are correctly distributed to the beneficiaries.

During the probate process, you should prioritise the valuations process as this will need to be completed to proceed with the next steps. You won’t be able to obtain a grant of probate until you have completed the inheritance tax forms, which require the valuation of the estate to complete.

For more information, read our guide, do I need an official house valuation for probate?

How Much Does a Probate Valuation Cost?

A property valuation for probate from Crest Surveyors starts from £500 including VAT. While this may seem like a lot at first glance, ensuring that the property is correctly valued is essential to avoid any unnecessary taxes and get a good price on the sale. This means that a probate valuation could actually save you money in the long run!

What Is the Difference Between Insurance Valuation and Probate Valuation?

While a probate valuation is conducted after the passing of the estate owner and values the estate based on the realistic market value of the item or property, an insurance valuation is very different.

This will assess the replacement cost of an item or property, i.e. how much it would cost to completely replace it. The insurance valuator will assess the entire property and all of its contents, similar to a probate valuation, but the overall valuation will be much larger. It is done in this way because if the property burned down, the insurance would cover replacing the entire thing and all of its contents. The cost of doing so would not match the cost of selling the property, as they would have to buy it new and pay for all the labour costs.

For more information on insurance valuations, visit our insurance reinstatement cost assessments page.

RICS Property Valuations for Probate With Crest Surveyors

At Crest Surveyors, all of our valuers and surveyors are RICS certified and it’s our mission to provide great value and a professional service. Our property valuations for probate are created with you in mind, giving you the best valuation possible so that you can be confident of your capital gains or inheritance tax payments.

By going through a trusted RICS surveyor you’ll also be more likely to be accepted by HMRC, making the process a lot smoother and easier. Get in touch with a member of our friendly team or visit our house valuation for a probate page.

Probate Valuation FAQs

How Long Does a Property Valuation for Probate Take?

Usually, a property probate valuation will take anywhere from 30 minutes to two hours. This will depend on the size of property and any unique circumstances or particularities that might be within the property. Once the valuation is complete, the report will be delivered within 6 working days of the valuation.

Is a Probate Valuation Lower Than Market Value?

No, probate valuations are not generally lower than market value. The probate property valuation is simply the value of the property at the time of death, due to the volatility of the housing market, this can rise or fall between probate and sale. This will usually be a minor difference or almost no difference at all.

For more information, read our blog on the difference between market value and probate value.

How Much Does an Estate Have to Be Worth to Go to Probate?

The value of the estate is not a defining factor for whether or not it needs to go through probate. Instead, this depends on a number of factors such as the type of assets in the estate and whether the deceased person left a valid will.

For a general rule of thumb, if the person that passed away owned property or land then the estate will need to go through probate regardless. If you’re unsure, it’s always best to check with a solicitor to ensure that you’re covered.

What to Do if Property Sells for More Than Probate Valuation?

If a property is sold at a higher value than it was originally valued for probate at the date of death, this could result in being charged capital gains tax. Capital Gains Tax is the tax on profit when you sell an asset that has increased in value. This taxes the amount you gain, and not the actual amount of money you receive in total.

Are Cracks in Bricks Normal?

A red brick wall with mortar broken out of it and gaps between the bricks.

While we often think of bricks being near indestructible, this is often not the case. Most properties will see some form of cracks forming through the years, however understanding why they’re happening and how to prevent it getting worse is essential. So are cracks in bricks normal?

Seeing small or hairline cracks in bricks will happen from time to time. However, it’s important to repair these to stop them from getting worse. If you see larger cracks that span across multiple bricks, this could be a structural issue and will need immediate attention from a professional.

Read on to find out more about if cracking in bricks or brick mortar are normal, when to worry about a crack, and how to repair them.

Are Hairline Cracks in Brick Normal?

Hairline fractures in clay bricks can often happen in different ways. Cracks will often occur from external factors such as water, rain,  and shifting soil. or when the house settles. Due to a brick’s inflexible nature, factors like these can cause the brick to crack and fracture.

Hairline cracks in bricks generally aren’t anything to worry about, however it’s always a good idea to repair them with masonry repair caulk or specialised mortar before they become wider and deeper. This is because cosmetic cracks can often become larger, structural issues over time.

While these are usually fixable with some DIY, if you’re unsure about any hairline fractures in bricks it’s always better to get an expert’s advice. We offer RICS Building Surveys that are perfect for anyone that wants to check for structural damage before committing to a home purchase.

When to Worry About Cracks in Bricks

When a crack becomes structural, that’s when there’s a real issue with the property. These cracks will usually take the form of a staircase, with diagonal jagged lines running through multiple bricks.

Some of the biggest indicators of structural cracks are diagonal cracks that:

  • Are found above doorways or door frames
  • Can show natural light through them
  • Are deep in appearance
  • Are wider than 5mm

A brick wall that is painted white with a large crack running through it.

Are Cracks in Brick Mortar Normal

While small cracks in brick mortar aren’t a major issue, leaving it to worsen can cause structural issues further down the line. It’s important to prevent this, and take care of the small cracks with some DIY. A hairline crack in the brick mortar doesn’t mean that there are structural issues, so you’ll generally be fine.

When to Worry About Cracks in Brick Mortar

If the cracks are running through a lot of the mortar on a particular wall, this could be an issue such as the foundation slumping and causing the wall to shift. Similarly, if the cracks are wider than a hairline crack or if the mortar is falling out from between the bricks, this is the sine of a hidden structural problem and you should get this checked.

If you’re looking at buying a house and spot excessive cracks in the property’s brick mortar, you might want to get it checked with an RICS registered surveyor such as Crest Surveyors to ensure there’s no further problems. We can perform RICS level 2 and level 3 surveys, so no matter what the condition of the property, we’ll be able to provide you with comprehensive advice to help you make the right decision.

A red brick wall that looks old and not well looked after.

How to Repair Cracks in Brick Walls

The process for repairing a crack in a brick wall will often vary depending on the position of the crack on the wall and the cause of the crack. We found this summarised step-by-step guide on how to repair cracks in brick walls:

  • Remove any cracked mortar from the wall up to 2cm deep using either a chisel or raking bar. 
  • Brush away any excess dust or mortar.
  • Spray the old mortar with water to stop it absorbing too much water.
  • Fill the loose sections with new mortar using a jointer brush – make sure not to leave any gaps/voids.
  • Use a pointer to flatten the mortar and fit the style of the surrounding walls.


Building Surveys With Crest Surveyors

At Crest Surveyors, we help homebuyers make the right decision on their potential new property by conducting in-depth RICS Homebuyer Surveys (level 2) and RICS Building Surveys (level 3). All of our surveyors are RICS approved, meaning that you can make your decision with confidence.

We know that buying a property can be a very stressful time, and that’s why we work to have our surveys completed at an affordable price within 2-3 weeks. Get in touch with a member of our friendly team for more information on how we can help you today.

What Are the Stages of Buying a House in the UK?

An open door showing the lock and empty home behind

Buying a new house can be a daunting time for many people, especially first-time buyers. Understanding the process in advance can help you calm your nerves and make an informed decision at each step. In this guide, we’ll explain the 6 stages of buying a new home.

So what are the stages of buying a house in the UK? In the UK, there are 6 stages of buying a new house that should be performed in order to ensure the process runs as smooth as possible:

Finding an affordable property

  • Making an offer
  • Finding a solicitor and surveyor
  • Finalising your offer and mortgage
  • Exchanging contracts
  • Completing the purchase

Read on to find out more about the 6 stages of buying a house in the UK.

 

What Are the Steps of Buying a House in the UK?

Buying a new house can often be a complicated process. With so many loops to jump through, many first-time buyers can feel lost and confused, and worry that they aren’t covering everything that’s needed. Below, we’ve broken down the 6 steps of buying a house in the UK.

Find an Affordable Property

The first step is to find a property that you can comfortably afford. To do this, you’ll first need to spend some time calculating how much you can actually afford to spend without breaking the bank. This will affect the house that you’re able to purchase and the mortgage that you can afford. Make sure to include any known budget changes that might happen in the future, and ensure that you’re able to afford to live on top of it.

At this stage, you should also be looking at applying for a mortgage as it can be a time consuming process. Once you’ve found one and been accepted ‘in principle’, the lender will tell you how much they’re likely to offer you and the interest rate you’ll pay. You can then use this to further narrow down your budgets and property choice.

Take your time finding a property and ensure you’re happy with your choice. View as many as you can within your budget and look at external factors such as schools, transport, and anything else that matters to you. Once you’ve made your decision, you can move onto making an offer.

There are a lot of options out there for ways to purchase a property. Check out our blog, ‘Is buying a shared ownership property a good idea?’ to see if it’s right for you.

Make an Offer

At this stage, you’ll want to make your offer. This is usually done through the estate agent that’s advertising or managing the sale. Don’t be afraid to ask them questions about what the seller wants, but bear in mind that they’re trying to get the best deal for their client!

You won’t need to pay the estate agent to receive your offer, as you only have to pay for the estate agent if you’re the one selling the property. 

Find a Solicitor and Surveyor

Once your offer is accepted, you’ll need to find a solicitor and a surveyor to make sure everything runs smoothly.

Solicitor

The solicitor’s job is to handle the legal work regarding the property’s purchase. They should provide you with information around how much you should expect to pay for their services in total, and might ask for an upfront deposit – around 10% of their fee.

The solicitor will submit requests to the local council to find out whether there are any planned works or local issues in the area that might inadvertently affect the property’s value.

Surveyor

two people surveying a house

The job of a surveyor is to provide a thorough inspection of the property and a detailed report based on the inspection to highlight any defects. This can also include a valuation if required. 

The surveyor will independently value the property and check for any defects that will devalue the home, such as damp issues or structural issues. There are a few surveys that might need to be carried out:

RICS Property Valuation

A RICS property valuation is an independent analysis  of a property by a RICS registered valuer. Once completed, this is followed by a detailed report that highlights the findings and provides their valuation. 

Valuations can be particularly important, as the property may be valued less than the estate agent’s valuation to put the property up for sale. Their valuation may have also been completed a long time ago if the property has been on sale for some time, so there may have been things that occurred to devalue the property since then.

At Crest Surveyors, we offer valuations backed by years of experience from highly qualified RICS registered valuers. Our RICS Property Valuation prices start from:

  • £349 for up to a 2-bed property

  • £369 for a 3-bed property

  • £399 for a 4-bed property

  • £449 for a 5-bed property

Should you wish, you can add a valuation to one of the surveys below for an optional cost of £99.

RICS Homebuyers Survey (Home Survey Level 2)

The RICS homebuyers survey is a standard report designed by the Royal Institution of Chartered Surveyors (RICS). The report highlights important information about the condition of a property. This assessment will cover all areas of the property, beyond what can be seen visually, with the aim of evaluating its condition and helping buyers make an informed decision.

This is a vital step in the house buying process. Once you complete your purchase, any unidentified defects are now your financial responsibility, so it’s important to identify these and negotiate the price accordingly to cover it. For example, if the identified defects will cost you £6,000, instead of having to pay that yourself, you can negotiate the price down by this amount to cover the costs.

Crest Surveyors offer a comprehensive RICS Homebuyer Survey starting from just £649. Our full list of prices include:

House / Bungalow prices start from:

  • £699 for up to a 2-bed property

  • £749 for a 3-bed property

  • £799 for a 4-bed property

  • £849 for a 5-bed property

  • Properties over £1 million are charged at a higher fee.

* Include a Property Valuation for an additional £99.

Flat / Apartment prices start from:

  • £649 for up to a 2-bed property

  • £699 for a 3-bed property

  • £749 for a 4-bed property

  • £799 for a 5-bed property

  • Properties over £1 million are charged at a higher fee.

* Include a Property Valuation for an additional £99.

For more information on what to expect from a Homebuyers Survey (Level 2), read the RICS guide on Homebuyers Surveys.

RICS Building Survey (Home Survey Level 3)

A RICS building survey contains a detailed analysis of the property’s current condition and construction. It also comes with a comprehensive report detailing the defects, repairs, and any costs associated with their maintenance and repairs. 

The building survey acts as a more detailed homebuyers survey that is designed to assess listed buildings or properties that are over 100 years old. However, there are other reasons you may want to perform a building survey instead of a homebuyers survey:

  • If the building has a history of structural damage

  • There are significant damages or defects in the property

  • If you suspect that the property might have damage

At Crest Surveyors, all of our surveyors are members of the Royal Institution of Chartered Surveyors (RICS), providing you with the quickest and most cost-effective survey possible. Our RICS Building Survey prices start from:

  • £900 for up to a 2-bed property

  • £969 for a 3-bed property

  • £1049 for a 4-bed property

  • £1199 for a 5-bed property

  • Properties over £1 million are charged at a higher fee.

Should you wish, you can add a valuation to your survey for an optional cost of £99.

For more information on what to expect from a Building Survey (Level 3), read the RICS guide on Building Surveys. Alternatively, you can read our easy guide for information on the difference between valuations and surveys.

 

Finalise Your Offer and Mortgage

A couple shaking hands with their property manager

Once your surveys have been completed, you might need to renegotiate your offer if issues were uncovered, or the lender values the property at a lower price. This stage is generally the most stressful stage of buying a house in the UK, because there are often delays and a lot of back and forth.

These problems can include:

Rejection from your mortgage application

  • The seller withdrawing the property from the market
  • The seller accepting a higher offer elsewhere
  • The seller rejecting your revised offer

If everything has gone to plan, you can finalise your mortgage with your lender. There’s usually a fee for this called an arrangement fee, this can either be added to your mortgage or paid in advance. If you add it to the mortgage, you’ll end up paying interest on this for the life of the mortgage.


Exchange Contracts

You will then receive the contract from the seller to sign and complete the sale. Make sure that you go through the entire contract with your solicitor before signing to ensure that all the details are correct. You should also double check that you’re happy with what the sellers will be leaving in the property and that all of your questions have been answered.

You may also need to pay a holding deposit, but once you’ve covered this and exchanged contracts, the sale is ready to go! You should then find building insurance to cover the structure of the property.

Completion

Even though the contracts have been exchanged, the final steps of the process can still be stressful. The remaining money is sent from your solicitor to the seller’s, and your lender will normally charge a mortgage account fee to set up your account. Once these are completed, you’ll also need to pay your solicitor’s bill.

Your solicitor will then register the transfer of ownership with the Land Registry, as well as registering it with Land and Property Services.

You will have 14 days from the completion date to file the Stamp Duty Land Tax Return and pay any tax due. Your solicitor will usually arrange this with you, so ask if it isn’t mentioned. Once completed, that’s everything you need to do!

Homebuyers Surveys at Crest Surveyors

At Crest Surveyors, we provide RICS property valuationsRICS homebuyer’s surveys, and RICS building surveys across London and Surrey. With years of industry experience and in-depth knowledge of our local area, we work to provide you with the highest quality of service. Our surveys will let you know if there are any issues or defects with your property or potential new purchase, before you sign the contract. 

Whether you’re a first-time buyer or an experienced mover, you’ll need a Homebuyer Survey or building survey to provide you with a full understanding of the building’s current condition. Our local and affordable services are here to help you make the process simple and easy. Get in touch with one of our RICS-qualified specialists today to book your survey.