What does 'Drive by Survey' mean?
Drive by Survey
Where the buyer is providing most of the funds for a property purchase the lender may not need a physical inspection of the building. Instead they will just want to check that the property exists and so the surveyor will simply visit the site where you claim you are buying. This is known as a 'drive by survey'.
Search Results for 'drive by survey' in How to Really Buy a Property
Chapter 17:
The Property Buying Process in Theory
"... the status becomes 'survey booked'
The surveyor may either have been instructed to go into the property or just to drive by and make sure it exists (known as a drive by survey). That someone has a trained eye for spotting problems in buildings.
The lender, to some extent, is not..."
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