Standard Valuation

A Standard Valuation is not a survey, it is an inspection required by lending organisations to confirm that a property provides suitable security for mortgage purposes.

This inspection includes a valuation figure and an estimate of re-building costs (this is for insurance purposes), as well as covering the basic property details.

A Standard Mortgage Valuation is limited and we advise that house buyers should not rely solely on the information it provides when deciding whether or not to buy a particular property.

For more information on which survey might be right for you, please see the RICS guide to choosing between Property Surveys.


HomeBuyer Report

A HomeBuyer Report is intended for conventional, residential properties e.g. houses, flats and bungalows, which appear to be in a reasonable condition and have not been subject to significant alterations since construction.

The report is written in a standard format and is around 25 pages in length. It is more comprehensive than the standard valuation and focuses on essentials (e.g. urgent or significant defects and problems which may affect the value of the property). Because of the practical limits on the type of property and the scope of its coverage, the HomeBuyer Report is mid-range in price, more expensive than a Standard Valuation but less expensive than a Building Survey.

This report will enable prospective buyers to make an informed decision on whether or not to proceed with the purchase and assess whether or not the property is reasonably priced. It will also assist in identifying what decisions and actions should be taken before contracts are exchanged.

The valuer will give his/her professional opinion on the particular features of the property which affect its present value and may affect its future marketability. The valuer can only comment on visible areas where access is obtainable.

Specialist Report

Frequently a Standard Valuation, HomeBuyer Report or Building Survey will identify the need for further specialist reports, usually regarding specific issues such as damp, drainage or structural problems. Sometimes expert assessments on even more specific issues such as wall ties, risks from trees, asbestos or environmental hazards are also recommended.

Often your bank or financing organisation will postpone your mortgage until such reports have been provided. Even if the receipt of such reports do not affect the lending decision remember that buying a house is one of the biggest investments you will make so following the advice of a RICS chartered surveyor is highly recommendable if you are to avoid or at least minimise future expenditures.

The prospect of arranging several further inspections can be at the very least a daunting thought, especially when you already have so much going on. Fortunately at SDL Risk Management we pride ourselves in making the customers journey as smooth as possible and have therefore already set in place coverage for a whole host of specialist reports at fixed prices.

Reports Available

  • Drainage Survey
  • Roof Report
  • Electrical Report
  • Structural Engineers Report
  • Fire Break Wall Report
  • Tree Report
  • Gas Safe Engineers Report
  • Wall Tie Report
  • Asbestos Testing
  • Building Quotation
  • Combined Damp and Wood/Timber Report
  • Damp Report

For more information on which survey might be right for you, please see the RICS guide to choosing between Property Surveys.

Building Survey

A Building Survey is suitable for all residential properties and provides a full picture of their construction and condition, including roof, chimney, wall, floor, ceiling, door, window and asbestos checks.

It’s more in depth than a HomeBuyer Report & does not follow a fixed format. One is likely to be needed if the property, for example, is of unusual construction, dilapidated, has been altered or where a major renovation or conversion is planned. A Local Building Surveyor will provide advice on existing or potential problems and identify suitable remedial work.

The surveyor will agree to comment on particular areas of concern, provided they fall within the surveyor’s terms and conditions and within the guidelines laid down by the Royal Institute of Chartered Surveyors (RICS). The building surveyor can only comment on visible areas where access is obtainable.

For more information on which survey might be right for you, please see the RICS guide to choosing between Property Surveys.

Estate Agent Valuation

Thinking about selling your house? Find out its value from a recommended estate agent. Being a member of the SDL Group, we have assess to CENTURY 21 UK, which is one of the UK’s largest networks of estate agents with a branch in each local area.

We’ll arrange for an estate agent to come out and view your property, giving you an accurate house valuation at the end. The house valuations are completely free and there is no obligation involved.

Simply fill out the form above and we’ll be in touch to find out the best time for an estate agent to visit your home. SDL has been an innovative presence in property valuations and risk management since 1989, and through technology and operations, SDL Risk Management controls quality, IT infrastructure, and insurance, which help to make our partner business more risk averse and profitable.