Commissioning a Home Report could not have been easier for one Edinburgh accountant thanks to the don’tgoroundthehouses website.
She had heard about the website from a friend and found it a really invaluable source of information when it came to commissioning a home report for her two bedroom traditional tenement flat in Roseburn in Edinburgh.
She said: “Home Reports hadn’t been introduced when I bought my flat so I wasn’t exactly sure what was involved. However the website had a step-by-step guide to the home report and lots of handy tips about preparing your home for the surveyor.
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When Mike and Jim Craig decided to sell their parents home following the death of their mother Nan last year, one of the first things they did was to call their local RICS surveyor and commission a home report.
The graceful four bedroomed home at 52 Monument Road, Ayr is a real one-off as it had been designed for the Craigs by a local architect in 1956 and the brothers wanted to ensure the report was entrusted to someone who really understood the special features of the property.
Not every consumer buying a home requires mortgage funding but in reality most do.
Most mortgage lending providers operate what is known as a “Lenders Panel” system. The lenders prepare, for their own underwriting decisions, a list of RICS members who they will rely on to provide mortgage valuation advice on property on which they intend to provide mortgage finance. Normally they will only accept valuation advice from an RICS member on who is on their Panel, unfortunately the RICS has no influence on membership of lenders panels or whose reports are accepted.
The concept of Lenders Panels is not a new one and has been in existence for many years and long before the introduction of the Home Report.
The number of Home Reports completed has now broken the 100,000 barrier according to new statistics revealed today by RICS (Royal Institution of Chartered Surveyors) Scotland.
The statistics were compiled by independent organisation the Energy Savings Trust which records the number of domestic Energy Performance Certificates lodged with them for properties marketed for sale. A domestic EPCS is required by law to be part of every Home Report.
Homeowners planning to put their properties on the market are being encouraged to cut out the middleman and go direct to an RICS (Royal Institution of Chartered Surveyors) member for their Home Report.
A new campaign – Don’t Go Round The Houses – was launched in Edinburgh today to highlight the many benefits and cost savings an RICS surveyor can provide homeowners, who by law is the only professional able to carry out the survey, valuation and energy report in a Home Report.
‘The campaign has been welcomed by consumer champion Which? following concerns about variations in price and advice from solicitors and estate agents since the Home Report was introduced in December 2008.