Mortgage Valuation / Structural Survey / Snag Lists

Mortgage Valuation:
This is a fee charged by the lender to get a property professional to value the property and to find out if the property is suitable to mortgage. A valuation report is prepared by an independent valuer on the lenders behalf and the lender usually passes the cost (€130 - €150) on to you - although if you arrange your mortgage on Moving.ie, we'll pay this fee for you.  Obvious faults with the property are often mentioned, but it is highly recommended that you get a snag list (new property) or a structural survey (second hand property) completed when you buy a property.

Structural Survey:
This is a full inspection of a second hand property to ensure that it is structurally sound. The lender does not require you to have a structural survey, but it is in your interest and is a great protection for home buyers.

Would you buy a second hand car without consulting a mechanic? In a similar way surveying the home is the only way to ensure that the property that you will spend hundreds of thousands of euros on, is sound.

Snag List:
When you buy a new property, a snag list should be arranged at the completion stage, to outline the 'snags', small problems, or unfinished pieces of work that need to be completed, before you complete the sale.