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.

RICS Residential Survey

RMA Surveyors Ltd, Newbury, have been reading the latest on the RICS Residential Market Survey (April 2016) with interest.

RResidential surveyICS Residential Report Highlights

– Demand from buyers drops for the first time since March 2015
– Prices continue to rise due to continued lack of supply
– Long term outlook shows prices continuing to rise across the UK

 

It states that the lack of supply will continue to push up UK house prices despite short term uncertainty.  You can download the full UK Residential Market Survey for further reading.

Residential Survey Advice

As chartered surveyors, RMA Surveyors can undertake a building survey or Homebuyers Report on a property to help you make a reasoned and informed decision regarding a property purchase.

If you’re looking for some professional advice regarding a property purchase in Berkshire, please contact RMA Surveyors Ltd on 01635 579 208 or complete the Contact Us form and we’ll be in touch.

 

Faculty of Party Wall Surveyors Members

RMA Surveyors Ltd are proud to announce they have been accepted for membership of the Faculty of Party Wall Surveyors. RMA Surveyors Ltd have always acted as competent party wall surveyors, and are pleased to reinforce this by accreditation from this prestigious organisation. RMA Surveyors Ltd will assist the Faculty in maintaining the highest standards of professional practice in the field of Party Wall Surveying.

Faculty of Party Wall Surveyors Logo

Professional

RMA Surveyors Ltd will be continue to act professionally in accordance with the Party Wall etc. Act 1996 on all party wall matters. Whether they be acting for an adjoining owner, building owner, or for both as an agreed surveyor.

RMA Surveyors Ltd are pleased to be part of an organisation whose membership includes the most eminent practitioners in Party Wall matters.

Faculty of Party Wall Surveyors

The Faculty of Party Wall Surveyors have enjoyed steady and continual growth since its inception. Their members benefit from legal support and counsel when required. By obtaining membership RMA Surveyors Ltd belong to the principle organisation dedicated to Party Wall matters. Effectively anyone can call themselves a party wall surveyor, membership of this organisation ensures that a minimum standard of competence is required. The Faculty provide telephone advice to surveyors and the public, provide a list of party wall surveyors

Richard Mountain MRICS MFPWS, RMA Surveyors Ltd managing director, said “Becoming a member of the Faculty demonstrates to appointing owners, that we will deliver a high level of professional competence. The Faculty provides us with additional resources and support when dealing with the technicalities of interpreting the Party Wall Act, it also gives those we act for a method of redress. These two factors are critical, when there are unfortunately some unscrupulous companies trading as party wall surveyors, who do not act properly.”

If you have a Party Wall matter you need to discuss contact RMA Surveyors Ltd, who will be happy to assist.

Need a Party Wall Award?

party wallHaving recently undertaken Party Wall Award Notices in Windsor, Newbury and Leckhampstead. RMA Surveyors Ltd are experienced in providing advice in compliance with The Party Wall Act 1996, throughout Berkshire and the South-East.

The Party Wall etc Act 1996 provides a framework for preventing and resolving disputes in relation to party walls, boundary walls and excavations near neighbouring buildings.

The Act is separate from obtaining planning permission or building regulations approval. It provides a mechanism for preventing and resolving disputes relating to building work near or on a shared property boundary, or ‘party wall’.

If you require advice on a Party Wall, contact us on 01635 579 208.

For further reading on Party Walls visit the RICS information page.

Defect Specific Reports

Specific DefectsIn addition to property surveys, RMA Surveyors Ltd undertake Defect Specific Reports. Each written report provides a clear, comprehensive and professional opinion regarding a particular problem (or ‘defect’) within a building.

In recent months, RMA Surveyors Ltd have visited a property in Thatcham to inspect a sagging roof, a site in Didcot to investigate cracking and building movement and a property in Hungerford to assess a damp issue.

Defect specific investigations and reports encapsulate the specific materials, construction and associated issues surrounding a specific building defect. Reports can be provided in a formal written report or in a letter or email format depending on the client’s requirements.

Specification for reinstatement and an estimate for repair costs can also be included.

If you have a concern regarding your property, get in touch for advice. Call us on 01635 579208 or complete the enquiry form.

As chartered surveyors, RMA Surveyors Ltd are members of and are regulated by the governing body RICS (Royal Institution of Chartered Surveyors). As such, any client can be guaranteed a high professional standard of inspection and report.

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.

RICS Residential Market Survey

ricsRMA Surveyors Ltd in Newbury, Berkshire have been catching up on the latest RICS Residential Survey.

It states that residential sales have increased, despite the continued lack of stock and highlights the following three points:

  • Agreed sales rise at the fastest rate across the UK since May 2014.
  • Prices increase further across all parts of the UK.
  • New buyer demand continues to outweigh instructions to sell.

You can download the UK Residential Market Survey for further reading.

If you’re looking for some professional advice regarding a property purchase in Berkshire, please contact RMA Surveyors Ltd on 01635 579 208 or complete the Contact Us form and we’ll be in touch.

Office Refurbishment

We recently undertook the contract administration and project management of a successful office refurbishment to a Grade 2 listed, former town house located in a prominent position within Pinner High Street, London.

The scope of service included agreeing statutory consents and liaison with the local conservation officer and English Heritage. Providing additional restraint where historic settlement had affected the structure, design and specification of all elements of the refurbishment, including using materials sympathetic with the historic fabric of the building, roof repairs, external masonry repairs, internal plaster repairs, improving energy efficiency of the building, new gas and electrical service installations, joinery items and redecoration.

The contract was successfully completed inside the 15 week contract period. We held regular site meetings and site inspections, certified works as they were completed, agreed the final account and signed off works at completion. As well as liaising with the main contractor, we also organised the programme of works around data, telecoms and security contractors to ensure a seamless transition to allow the clients’ company to move offices without interruption to their business.

As a result the building has been transformed from a rather tired structure that was long overdue any maintenance into a building that not only contributes significantly to the historic fabric of central Pinner but has a contemporary style that is also reflective of the buildings history.

If you have a refurbishment project that would like RMA Surveyors Ltd assistance with, please contact us on 01635 579208, get in touch via enquiries@rmasurveyors.co.uk, or simply complete the enquiry form.