People may only come into contact with

People may only come into contact with a surveyor several times in their lives - mainly whenever they purchase their home. Business people however might use the professional services of a surveyor on a regular basis.

What do they do?

Surveyors are involved in the following:

1 . They measure plus survey land and property

2 . Help with gaining finance for engineering projects

3. Manage large homes

4. Value property for sale for lenders or mortgage companies

Types of Surveyor

We may think of a surveyor to be a person who values properties - simply because most individuals only come into contact with the inspector when trying to purchase a property or perhaps in some cases when raising further financing based on the value of their home or when re-mortgaging.

The different types of surveyor really are:

1 . Building Surveyor

2 . Number Surveyor

3. Planning Surveyor

If purchasing a new property many people usually do not instruct a surveyor top conduct a full survey - this largely based on the cost, a full survey can cost upwards of 1000. For a proportion involving mortgage borrowers the surveyor employed by the mortgage company can be a source of pressure as they may not agree with the persons own valuation for mortgage applications.

For example an individual may want to remortgage their property valued at 200, 000 rapid to gain a reasonable rate they could have to have a loan to value of 70% to secure the re-mortgage of 140, 500. If the surveyor does not agree with the valuation and suggests to the loan company a value of 180, 000 this will likely affect the loan to value and will in certain circumstances mean the individual having Your Choices For Individual Pension Schemes to pay a higher interest rate.

Try and be realistic instant use the internet to source other components on the market in your local area that are similar in size and condition.

For mortgage purposes the borrower will want evidence from the surveyor that properties have sold in the area at a similar value towards the property being valued. The important point is 'sold' and not on the market in addition price.

Do your research, talk the inspector and be realistic.