A Structural Survey Report is a thoroughly detailed report on the condition of the property to be purchased. Carried out by a surveyor, it should list both minor and major defects of the propery and highlight any maintenance work which may need to be done in the future. This type of report it especially important if the property is old. The surveyor is legally bound to tell you every detail of what they find. Knowing about any problems with the property can inform the decision to buy and to avoid unnecessary or unforeseen costs once the purchase is made. If the survey reveals a major or costly problem, the buyer is free to reconsider their offer, or even to renegotiate the price.
In the event that you require any additional information or clarification from ourselves, please do not hesitate to contact a member of our New Business Team.