House surveys
House surveys can be confusing. Find out what property surveys, how much they are and who's involved.
In this guide:
The difference between a survey and mortgage valuation
What is a house survey?
A house survey is an inspection of a property's condition. It’s done by a surveyor.
The survey lets you know if there are potential structural problems in the home you want to buy.
These problems could be:
unstable walls
a roof in need of repairs
subsidence
damp
You do not have to get a survey done but it's recommended.
The difference between a survey and mortgage valuation
A survey and a mortgage valuation are not the same.
Valuations
A mortgage valuation is for the mortgage lender.
It shows the lender that the property is worth what you’re paying for it.
It will not find structural problems with the property.
Surveys
A survey is for you, the buyer.
The survey will tell you about any potential issues with the property’s structure.
What is RICS?
The Royal Institute of Chartered Surveyors (RICS) is a recognised professional body.
They enforce qualifications and standards for land, property, infrastructure and construction.¹
Most qualified surveyors are members of RICS.
It’s a good idea to use a RICS qualified surveyor as they’ll have professional indemnity insurance. This protects you from the cost of fixing issues that come up from the survey.
Some surveyors might be members of the Residential Property Surveyors Association (RPSA) instead. RPSA surveyors offer similar surveys to RICS surveyors.
What types of house surveys are there?
RICS offers 3 types of survey:
RICS Condition Report (survey level 1)
RICS Homebuyer Report (survey level 2)
RICS Building Survey (survey level 3)
The RICS Condition Report describes the condition of the property. It looks for any risks and potential legal issues and highlights any urgent issues.²
What does it include?
It covers “traffic light” ratings. This shows the condition of key parts of the property like the roof, windows or plumbing.
It does not include:
valuation
advice
in depth testing of electricity or gas
What type of home is it suitable for?
A Condition Report is for newer homes and standard properties in a good condition.
The RICS Homebuyer Report gives you more detailed information about the property.
You can choose between either a survey or a survey and valuation.
What does it include?
A RICS Homebuyer Report includes:
all the features of the RICS Condition Report
advice on issues that may affect the property
maintenance advice
details of structural problems such as damp or subsidence
a market valuation (if you get a survey and a valuation)
insurance rebuild costs (if you get a survey and a valuation)
It does not include:
looking behind walls or under floorboards
in depth testing of electricity or gas
What type of home is it suitable for?
A Homebuyer Report is suitable for standard properties in reasonable condition.
A RICS Building Survey is the most detailed report.
It gives you in depth analysis of the property's condition. As well as advice on defects, repairs and maintenance options.²
What does it include?
It includes:
a full structural survey and detailed report
checks in the attic, behind walls, below floorboards, and above ceilings
advice on repairs
estimates of the costs and timings of repairs
predictions of what’ll happen if you do not make certain repairs
Unless specified, it does not include:
market valuation
insurance rebuild costs
in depth testing of electricity or gas
What type of home is it suitable for?
You must get a Building Survey for larger or older properties. Or properties in poor condition.
How much is a house survey?
The cost of your survey depends on the:
location of the property
size of the property
type of survey
surveyor you use
Prices you might pay for each type of survey:³
RICS Condition Report: £300+
RICS Homebuyer Report (survey only): £350+
RICS Homebuyer Report (survey and valuation): £450+
RICS Building Survey: £500+
Base your decision on which type of survey you need and the type of property you’re buying. Not the cost of the survey.
Who organises a survey when buying a house?
It's up to you to get a survey when you buy a house.
It’s usually done after you've had your offer accepted on a property. Unless you're buying a property at an auction.
In this situation, we recommend getting a survey done before the auction date.
Once you have a surveyor they'll:
arrange a time to visit the property with the seller or estate agent
get the sales information and property's Energy Performance Certificate from the estate agent
use the floor plan to note down any faults in different parts of the building
If you'd like to be there when the survey is being done, ask your surveyor.
What happens after a survey on a house?
After a survey, the surveyor will create a report that details the condition of the property.
How long it takes to get the report depends on the surveyor and the type of survey. It’s usually within 10 days.
Some surveyors will call you after a survey with a quick summary of any findings.
If there’s anything in the report you do not understand, you can ask the surveyor to explain.
If the survey finds any issues, you may want to:
get an expert to quote for work that needs doing
renegotiate the price with the seller
drop out of the purchase
Surveys on new builds
If you're buying a new build home, you'll need a new build snagging survey. Not a RICS survey.
This type of survey finds problems with new builds. For example, structural and smaller cosmetic issues.
You can use the snagging survey to ask the developer to sort out any issues with your new build.
It's best to get a snagging survey done before you exchange contracts with the developer. Some developers will not let you get a snagging inspection until completion.
House survey checklist
Decide what sort of survey you need
Compare quotes from different surveying firms
Check the surveyor is a member of RICS
Instruct a surveying firm
Read the surveyor’s report
Speak to the surveyor if there’s anything you do not understand
Consider renegotiating the sale price if the survey reveals big issues
Get a mortgage with Trussle today
Our customers save an average of £310 a month on their mortgage*
Trussle is fee-free for most customers**
5-star Trustpilot rating from over 5,000 reviews
12,000 mortgage deals from 90 lenders
Skip the paperwork: apply online any time
*The savings figure is from Trussle mortgage customers in August 2022. **You may have to pay a fee depending on your circumstances and credit history. Learn more.
Your home could be repossessed if you don't keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
What people are saying about Trussle...
Sources
¹ RICs.org
² RICS Consumer Guide: Home Surveys
³ HomeOwners Alliance: What sort of survey should I have?