This type of survey is designed for particular types of homes, defined by the R.I.C.S (www.rics.org.uk) as “conventional in type and construction” and “apparently in reasonable condition”. This type of survey is less expensive than a building survey and provides a report that highlights any immediate problems or defects that will have an effect on the value of the property.

According to the R.I.C.S, the main objectives of the Homebuyer’s Report are to:

• Make a reasoned and informed judgement on whether or not to proceed with the purchase
• Assess whether or not the property is a reasonable purchase at the agreed price
• Be clear what decisions and actions should be taken before contracts are exchanged

The report also provides a statement as to how much the property should be insured for in order for you to obtain competitive quotations for buildings insurance.

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