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What is a house survey?

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What is the difference between the new levels of surveys and a mortgage valuation?

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What is the difference between the new levels of surveys and a mortgage valuation?

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What is the difference between the new levels of surveys and a mortgage valuation?

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What is the difference between the new levels of surveys and a mortgage valuation?

Integer vestibulum sem eget ipsum pretium, sit amet mattis lacus sagittis. Nunc iaculis nisi id ligula faucibus consequat. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Phasellus sodales lacus eu dui suscipit feugiat. Proin efficitur tellus ac orci ultricies condimentum. Suspendisse blandit congue eros sed consectetur. Proin suscipit justo tellus. Phasellus in elit quam. Suspendisse odio ligula, lacinia ut ipsum ut, mattis sagittis odio. Pellentesque sed efficitur nulla, vitae rutrum mauris. Vivamus tincidunt dictum nisi, ut facilisis dolor porta quis. Nunc non sapien orci.

What is the difference between the new levels of surveys and a mortgage valuation?

Integer vestibulum sem eget ipsum pretium, sit amet mattis lacus sagittis. Nunc iaculis nisi id ligula faucibus consequat. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Phasellus sodales lacus eu dui suscipit feugiat. Proin efficitur tellus ac orci ultricies condimentum. Suspendisse blandit congue eros sed consectetur. Proin suscipit justo tellus. Phasellus in elit quam. Suspendisse odio ligula, lacinia ut ipsum ut, mattis sagittis odio. Pellentesque sed efficitur nulla, vitae rutrum mauris. Vivamus tincidunt dictum nisi, ut facilisis dolor porta quis. Nunc non sapien orci.

Frequently Asked Questions

How do you choose a conveyancer?

To choose your conveyancer, you should:
1. Check your conveyancer is on your mortgage lender’s panel.

2. Compare conveyancing quotes – use our free handy tool above to get instant conveyancing quotes from regulated and reviewed conveyancing solicitors that cover your area.

3. Check fees are itemised with no hidden costs.

4. Read reviews.

For more information, read our guide on How to choose a conveyancer/ solicitor

Can I do my own conveyancing?

Yes you can do your own conveyancing. But the conveyancing process is time-consuming and complex and you shouldn’t consider DIY conveyancing if you don’t fully understand all the steps and the risks involved.
However, if you’re buying or selling with a mortgage, the lender will almost certainly insist that you instruct a conveyancer. Read more in our guide Can you do your own conveyancing.

What is a draft contract

A draft contract will be given to the buyer’s solicitor once an offer is accepted on a property. This draft contract must include details including things like price, boundaries and planning restrictions.
Go through this carefully and negotiate any terms if necessary. Your conveyancing solicitor will help with this. Find out more in our guide Conveyancing process explained for buyers.

What is a property survey?

A property survey is an inspection of a property’s condition conducted by experts. The experts – surveyors – inspect the property and tell you if there are any issues to do with the condition of the property from minor to significant structural problems.
The level of detail the property survey cost into and the cost depend on which type of house survey you choose to get. Find out more in our guide on House survey types and costs.

What is exchange of contracts?

When you exchange contracts, the deal becomes legally binding. Until you exchange contracts as part of the conveyancing process, neither side has any legal obligation to buy or sell the property, and both can pull out without any penalty.
Between exchange of contracts and completion, either side will almost certainly pay major penalties if they pull out. Find out more in our guide Exchange of contracts explained.

When does completion day happen?

Completion day typically happens a week after exchange on average but it varies; how long between exchange and completion can be any time agreed between all parties in the chain. In some cases it can be done on the same day.