Expert view

Expert view

Ian Lee – director of Portsmouth-based chartered surveyors McAndrew Martin

Q –  I’m selling my house. How can I make the survey go as smoothly as possible?
A – The survey can be one of the most nerve-racking moments for a vendor when selling their home.
In nearly all cases the buyer’s mortgage lender will insist on a Mortgage Valuation Survey to double-check the property’s worth.

Often a Homebuyer Survey and Valuation will be required too or, in some cases, a more comprehensive Building Survey to inspect for any defects or issues.

It is the chartered surveyor’s job to cast his or her professional eye across your property.
By being prepared for their inspection you can make the process as smooth as possible for all concerned.
Firstly, make sure you are at home for the survey appointment and leave enough time if you are away from work or have other commitments.
Lift any drain covers, pull loft ladders down, and make sure the house is presentable, tidy and clutter-free.
Move any furniture which may hinder an inspection, and don’t forget the surveyor will want to look at the garden and any outhouses as well as the loft.
Have any relevant documents to hand, such as a list of guarantees, planning and building regulation consents, and details of any work carried out.
Importantly, don’t be afraid to ask the surveyor if he or she is from a local firm registered with the Portsmouth Property Association (PPA).
Ask how long he or she has been qualified, whether they are a Member or Fellow of the Royal Institution of Chartered Surveyors (RICS) and how long they have been practising in the area.

There is no substitute for experience.
At McAndrew Martin some of our surveyors have been working in the area for 30 to 40 years.
Make sure you visit the PPA website at http://portsmouthproperty.co.uk/ for all of your property needs.

Could technology push the mortgage market to undergo Uber-ification?

Technology has revolutionised many industries: the hotel industry has AirBnB, taxis have Uber and diners have Deliveroo, but what could technology hold for the future of the mortgage industry? “The mortgage industry is rarely at the front of the queue for innovation,” says Mark Lofthouse Chief Executive Officer of Mortgage Brain. However, technology is beginning […]

Over one million UK homeowners on wrong mortgage deal

Over 1.1 million UK homeowners are sitting on the wrong mortgage deal and wasting over £2,500 every year according to latest research. The research from L&C Mortgages also discovered that 30 per cent or 3.4 million households do not know their current interest rate of their mortgage, and with a total £2.78 billion in lost. […]

70% of Brits would pay more for a rental with the perfect flatmate

The average age when Britons living in rental accommodation think they’ll be able to afford their own house is 33. The survey by Spark Energy found that one in six respondents (17 per cent) don’t believe they will ever be able to raise the money to purchase property. Indeed, people living in London and Manchester […]

New chairman of Portsmouth Property Association

    Chartered surveyor Tom Holloway has been named as chairman of Portsmouth Property Association (PPA) for 2017. Tom is a director at long established independent chartered surveyors and commercial and industrial property consultants Holloway Iliffe & Mitchell. He takes the reins as the association continues to have a record membership of around 170 people […]