A mortgage valuation is primarily carried out for the lender to determine whether the property provides suitable security for the mortgage.
It is not designed to give the buyer a detailed assessment of the property’s condition.
A Level 2 Survey in South East London is commissioned for the buyer and focuses on visible defects and maintenance issues.
For this reason, buyers should not assume that a mortgage valuation provides the same level of information as a home survey.
Does a Level 2 Survey Include a Valuation?
A survey and a valuation serve different purposes.
The survey focuses on the physical condition of the property, while a valuation assesses its market value.
If you require an independent property valuation alongside your survey, London & Kent Surveyors also provides dedicated RICS valuation services.
Why Arrange a Survey Before Exchange?
Before exchange of contracts, buyers still have an opportunity to investigate significant issues identified during the survey.
A Level 2 Survey in South East London can help highlight problems that may not have been obvious during a viewing.
Depending on the findings, you may choose to:
- Obtain repair quotations
- Arrange specialist investigations
- Raise questions with your solicitor
- Review likely maintenance costs
- Better understand the condition of the property
The purpose of the survey is to give you more information before making a final commitment.
Arrange a Level 2 Survey in South East London
If you are buying a conventional property that appears to be in reasonable condition, a Level 2 Survey in South East London may provide the level of detail you need before proceeding.
London & Kent Surveyors provides Level 2 and Level 3 residential surveys across South East London and Kent.
If you are unsure whether a Level 2 Homebuyer Survey is suitable for the property you are buying, the team can help you determine the most appropriate level of survey.
