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Homebuyers:
A homebuyer's report is the next most commonly used professional study of the building you are buying. Of those not relying on a basic valuation, the overwhelming majority of househunters use a homebuyer's report as a guide to the condition of the property. Our general advice would be that any property more than 10 years old should have this type of survey undertaken.
A homebuyer's survey is more expensive than a basic valuation, but less so than a full structural survey. Sometimes a mortgage lender will refund the cost of a basic valuation on completion of the mortgage transaction. Where this is the case, you will only end up paying the difference between the cost of the valuation and that of the homebuyer's report. As a rough guide, you can expect to pay £300 - £450 (+VAT) for your homebuyer survey.
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