IGL Building Survey (Level 3)

IGL Building Survey 

Formerly called a structural survey, you could choose the building survey if you’re dealing with a large, older or run-down property, a building that is unusual or altered, or if you’re planning major works.

It costs more than the condition report because it gives detailed information about the structure and fabric of the property – costs will vary depending on the size of the property and where it is.

It includes:

A thorough inspection and detailed report on a wider range of issues;
A description of visible defects and potential problems caused by hidden flaws;
An outline of repair options and the likely consequences of inactivity; and
Advice for your legal advisors and details of serious risks and dangerous conditions.

A full structural survey should provide you with all the information you’ll need to decide whether or not you want to proceed with the purchase or pull out because it has identified problems you hadn’t anticipated.

A building survey does not include a valuation; the mortgage lender will usually commission the valuation and you are free to arrange your own survey.