This documents set out the standard terms and conditions of the provision of services for a residential property surveyor supplying services to a client. The type of survey being carried out is Residential Mortgage Valuation Survey.
This type of survey is not a building survey - it is the type typically required if a mortgage on the property is being sought. Valuation of a residential property can also be necessary when preparing company accounts, probate, rent reviews or lease renewals. The report produced by the surveyor conducting a valuation survey contains a market valuation and/or market rent of the property.
This documents set out the precise arrangements for the provision of surveying services by a chartered surveyor conducting a basic mortgage valuation survey of a residential property including:
- professional indemnity insurance
- client responsible for obtaining consents/approvals
- and compliance with Data Protection requirements.
This Mortgage Valuation Survey Terms and Conditions template is suitable for use in England and Wales and includes the following clauses:
- surveyor details
- services and delivery
- price and payment
- client obligations
- surveyor obligations
- dispute resolution
- warranties and liabilities.