In 2019, a survey by John Charcol, a mortgage broker, found that an alarming 8 out of 10 property purchases proceeded without a formal survey. This is likely to be due to a combination of factors, perhaps tight cashflow, misunderstanding a vendor’s responsibility to reveal defects, or perhaps misunderstanding of the difference between a survey and a valuation.
I’m Tim Clarke, a director at Harrison Clarke chartered surveyors, and in this video I will discuss the difference between a survey and a valuation.
Read Tim's full article :
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