What are the survey types?

Level 2 Survey (HomeBuyer Report)

• Good for properties built post-1945 and modern homes
• Good general level of detail on problems that could impact the value of the property
• Comments on energy efficiency of the property
• Can include an optional valuation suitable for reinstatement costs/insurance purposes

Level 3 Survey (Building Survey)

• Recommended for pre-1945 buildings and listed buildings
• Recommended for properties with previous building works/conversions/extensions
• Detailed report on property’s construction and condition, including estimated costs of repair
• Useful if you plan to renovate or convert the property

Valuations

• A professional estimate of the value of your property
• Valuations only look at the commercial value of a property, not the condition
• Necessary if you are staircasing or selling Shared Ownership properties
• Necessary if you are selling or paying off an equity loan on Help to Buy properties

Learn more about valuations here