UK Housing Market

RICS - UK housing marketThe latest RICS Residential Survey has revealed the following regarding the UK housing market:

There is an increasingly mixed picture across the UK housing market, according to the August 2017, UK Residential Market Survey. Although the headline level shows a return to growth, sentiment is less positive in prime central London and to a lesser extent the wider South East, alongside the North and East Anglia.

UK Housing Market: survey in brief

  • Mixed regional picture, with negative trend in prime central London in particular.
  • Solid growth in many regions, including Northern Ireland, North West, South West and Scotland.
  • National sales have not seen any growth since November 2016.

RICS press release issued: 14 September 2017. Visit Rics.org for further information.

 

RMA Surveyors are members of, registered with and regulated by the Royal Institution of Chartered Surveyors (RICS) to ensure we maintain high professional standards. If you are looking for professional advise regarding building surveys, party wall matters or dilapidations, contact RMA Surveyors on 01635 579 208 or complete the enquiry form.

Building Survey – How long will it take?

Building surveyHow long will the building survey take? Is a common question that we are asked during most enquiries. 

In short, the time taken on a building survey depends on the property. The size of the property, the age of the property, its construction, the defects we may find and the extent of furnishings and carpets which can determine our access, are all factors to take into consideration.

 

 

However, we’ve put together a little guide below to give you an indication:

  • Homebuyers Report – 2 bedroom, recently built flat: 1.5-2 hours
  • Homebuyers Report – 3 bedroom, semi-detached house: 2-3 hours
  • Homebuyers Report/ Building survey – 4 bedroom detached house: 4-5 hours
  • Building Survey – 5 bedroom, detached house with garage: 5-6 hours
  • Building Survey – 5 bedroom, listed building with outhouse & garage: 6+ hours

At RMA Surveyors, we aim to deliver all our reports within 5 working days of surveying the property, if not before.

Take a look at our Property Surveys page to see what would suit your requirements.

If you’re in need of a Building Survey or Homebuyers Report, contact RMA Surveyors on 01635 579208.

We can advise you on whether you require a Homebuyers Report or Building Survey and provide you with a quote for our services.

RMA Surveyors Ltd are based in Newbury, Berkshire. We provide a wide range of building surveying services in Newbury, West Berkshire and the surrounding areas. Get in touch for professional advice. We are an independent company and take pride in the fact that we provide honest, impartial and credible advice to our clients. We are members of, registered with and regulated by the Royal Institution of Chartered Surveyors (RICS) to ensure we maintain high professional standards.

 

 

Homebuyers Report Uncovers Serious Drain Defect

Homebuyers report discovers partially blocked drain

Drain partially blocked by tree roots

While undertaking a Homebuyers Survey on a four bedroom detached house in Highclere, RMA Surveyors, Newbury, highlighted a list of defects where further investigation would be required.

Notably, we found evidence of a partial blockage to the drain, believed to be caused by tree roots. We reported this back to our client in the Homebuyer Report.

We recommended the client commission a CCTV survey of the drain runs, as this would provide a clear diagnosis of any problem.

The client had the drains checked by a drainage specialist, who discovered there were bush and tree roots present in all of the drain runs.

As a consequence, insurers would only provide buildings insurance if subsidence was specifically excluded from the policy. This was a big risk for our client as we also noted some evidence of subsidence to a subsidiary structure at the premises within the same survey. The insurers stipulated that all drain repairs must be undertaken and a further structural survey be carried out prior to any policy being agreed.

As a result, the Mortgage company refused to lend and their mortgage offer was withdrawn. This defect was not picked up by the mortgage valuation survey as these types of survey are very limited in scope.

Why Get a Homebuyers Report?

By commissioning a Homebuyers Report, the client saved valuable time and considerable future expense and inconvenience.

It is important to remember that a mortgage valuation is not a survey. It is undertaken on behalf of the lender, not the purchaser and only serves to determine whether or not the property provides enough security for the bank to lend upon.

This case proves that a Homebuyers Survey and Report does save our client’s money. A property purchase is one of the biggest investments you will make, and commissioning a Homebuyers Report or Building Survey will provide peace of mind that the investment is a solid one.

If you’re thinking of purchasing a property and require a Homebuyers Report or Building Survey, please get in touch with RMA Surveyors Ltd for a quote. Call us on 01635 579208 or complete the enquiry form.

Building Survey vs Homebuyer Report

House SearchBased in Berkshire, RMA Surveyors Ltd have recently surveyed properties in Newbury, Reading, Wokingham and Windsor.

When making an initial enquiry for a survey on a property, we are often asked what the difference is between a Homebuyer Report and a Building Survey. Our simple response is that while both involve a survey of the property, a Homebuyer Report details all the essential elements of a building but goes into less detail than a Building Survey.

If you would like to read more about the details of each report, take a look at our Property Surveys page.

As chartered surveyors, RMA Surveyors Ltd always provides professional advice and will recommend which type of survey best suits the proposed property. By analysing the age, type (e.g. semi-detached or bungalow) and whether there are any extensions to the property, we can determine which survey would best outline the condition of the building.

If you are unsure which type of survey would be most suitable for the type of property that you are intending to purchase, please contact us and we shall be happy to discuss this with you.

For a Homebuyer Report or Building Survey quote, please call RMA Surveyors Ltd on 01635 579208 or complete the enquiry form.