As when purchasing a residential property, purchasing or leasing a commercial premises is a big commitment and it is important purchasers and proposed lessees understand what they may be signing up to. So….what are your options? If you are purchasing a commercial premises, it may be beneficial to consider a pre-purchase Building Survey. Like a … Read More »
A measured survey, as indicated by the name, is a survey and measurements taken of an existing building/structure or land to provide accurate existing ‘to scale’ drawings which usually include existing floor plans and elevation drawings but can also include roof plans, section drawings and other construction detail drawings depending on the client’s requirements, the … Read More »
What is a Red Book Valuation? The Red Book Global Standards is a publication issued by the Royal Institution of Chartered Surveyors (RICS) and details requirements and practices for RICS members to follow when carrying out valuations. The latest version of the RICS Valuation – Global Standards (‘Red Book Global Standards’) became effective from January … Read More »
A snagging list is considered by many when purchasing a new-build property. There is sometimes confusion as to how a snagging list differs to a pre-purchase survey and the benefits of a snagging list versus a pre-purchase survey. A snagging list typically relates to unfinished works or defects associated with new-build properties and provides a … Read More »
The Help to Buy equity loan scheme is an affordable home ownership scheme set up by the Government. This scheme was previously an option for many buyers but is now only offered to first-time buyers who have not previously owned a property or land in the UK or abroad. The scheme, administered by Target HCA, … Read More »
Many homeowners in England and Wales are still unaware of their obligations under this act as a result of planned works to their property where these works evoke the Party Wall etc. Act 1996. The act can apply depending on the nature and location of works being carried out but will be evoked where … Read More »
Purchasing a property is an exciting experience and is likely to be one of the most expensive purchases many will ever make. It is important that purchasers and any engaged professionals assist in the purchaser’s pre-purchase due diligence, many factors of which will include important and key considerations. This may include the results of standard … Read More »
What is an Expert Witness Report? An Expert Witness Report is a report produced by an ‘Expert’ providing their professional, unbiased, and uninfluenced opinion in relation to a dispute and matter surrounding the Expert’s area of expertise. An Expert Witness Report is legally relied upon and may be used to assist in reaching a conclusion … Read More »
It will likely continue to be a topic of debate for a long time to come….should I have a survey on a new build property before commitment to purchase? and you are likely to be receive different opinions and answers to this question for many reasons. Regardless of the age of a property and … Read More »
It has been several months now since the RICS new Home Survey Standards came into effect (1st March 2021). Many purchasers are still not aware of these new standards which were introduced to provide a clearer framework for residential pre-purchase surveys and the standards and minimum expectations required, as set out by the RICS for … Read More »
