What does 'Surveyor' mean when buying a property?
Find out what Surveyor means when you are buying a property. 'What does Surveyor mean?' plus over 150 other property related terms and jargon in plain English
Surveyor
A surveyor is a person qualified to carry out a Survey. He is instructed (hired) by the mortgage lender if a loan is being secured on the property.
If you are not getting a mortgage it is up to you whether or not you want to instruct a surveyor.
There are three types of survey you can request:
- Valuation Survey - an independent company (a surveyor) will visit the property and compare it to others which have sold in the area recently to assess its value.
- Homebuyers Survey - a valuation as above and some basic checks for issues such as penetrating damp.
- Structural Survey - a valuation survey and an inspection of the entire building (so only really possible when buying a house rather than a flat).
A mortgage lender is usually fine with a valuation survey because it will flag any major structural issues (such as possible subsidence) anyway.
Personally this is the way I go to and use specialists to inspect other aspects of the property because surveyors are only qualified to spot tell tale signs of issues, they cannot draw concrete conclusions or estimate costs.
To learn all the tips and tricks involved in purchasing a property the smart way pick up a copy of my ebook How to Really Buy a Property.
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- Homebuyers Survey
- Sold Subject to Survey
- Structural Engineer
- Structural Survey
- Subsidence
- Survey
- Surveyor
- Tenanted Property
- Valuation Survey
- Rising Damp
- Penetrating damp
- Sagging Roof
- Dry Rot
- Wet rot
- Retention
- Drive by Survey
- Down Valuation
- Survey Sent to Panel
- Survey Requested
- Survey Instructed
- Survey Booked
- Valuer
- Pre Arranged Mortgage
- Cash Buyer Only
- Time Costs Deals