Are you confused between getting a valuation and a survey? Can your dream home turn into your worst nightmare?
You can be in danger of spending £5750 on an average (ComRes research on behalf of RICS) on those unexpected repairs once you have moved in to your new home. This is often down to those home-buyers not getting a proper survey done and relying solely on the lender valuation.
Buying a home is probably going to be the most expensive thing you ever have, and ever will purchase; so make sure you know as much about its full condition, inside and out, before you commit to making the final decision.
Remember a valuation is not a survey, so don’t get confused. A mortgage valuation benefits your lender, whilst a survey is for you!