Glossary of Conveyancing Terms
What is a Home Buyers Report?
A Homebuyers Report is a type of survey giving basic details of the general state of repair of the property. Usually including a valuation report, it provides only information on areas of the property which are immediately accessible or visible. This report is used by the lender and contains information which the buyer can use in deciding whether or not to purchase. This report is more detailed than a mortgage valuation report but is not as in depth as a Structural Survey Report.
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