Home Report Motherwell and Wishaw

Scroll

Situated approximately 16 miles from Glasgow City Centre, the town of Motherwell is most commonly known for its steelworks at Ravenscraig. Although much of the Ravenscraig site is now being developed to form residential dwellings, sports complex and college, Liberty Steel still operates from a small plant located on the outskirts of the site. Given Motherwell’s central location between Glasgow and Lanark, a large proportion of the well-known Clyde Walkway runs through Motherwell and into Dalzell Estate and Baron’s Haugh nature reserve, where the Grade A listed ‘Dalzell House’ is located. The Clyde Walkway also incorporates a section of Strathclyde Country Park which was used in the recent Glasgow Commonwealth Games for a number of sports including the popular Triathlon event. The park also includes M&D’s theme park, one of Scotland’s only theme parks. Motherwell is also home to North Lanarkshire Councils headquarters, a council district with a population of circa 350,000. Excellent transport links to the M74 (Glasgow and Carlisle) and the M8 (Edinburgh) has made Motherwell one of Scotland’s most popular commuter town for Glasgow and Edinburgh.

Wishaw is located just a few miles east of Motherwell. Much like its neighbouring town, Wishaw is historically known for its involvement in the steel and mining industries. In more recent times, Wishaw has been known for the addition of Wishaw General Hospital, following the closure of the long-standing Law Hospital in 2001. The Royal Mail has based its Scottish distribution centre in Shieldmuir which lies on the border of both Wishaw and Motherwell. Transport links are again a big positive as the M74 and M8 are located only a short journey away.

Home Reports

Since 1 December 2008, it has been a legal requirement for the seller of a residential property to obtain a Home Report before marketing the property (there are a small number of exceptions such as sales of new build properties and private sales.)

The Home Report is usually arranged through the selling agent or solicitor but it is perfectly acceptable for the seller to arrange it themselves. The seller is responsible for the cost of the Home Report which ranges from £360 (inc VAT) to over £1,000 depending on the value of the property. However, this cost will be somewhat negated by the fact the seller, most likely, will not have to pay for a survey for the property they will be purchasing (assuming it is in Scotland).

The Home Report includes far more information than the Mortgage Valuations which approximately 90% of purchaser relied on before Home Reports existed. The information in a Home Report is split into four sections:

The Single Survey

This forms the majority of the report. Part one of the Single Survey is basically a description of the property including the construction, the heating system, garages/outbuildings and garden ground. Part two of the Single Survey is probably the key part of the report as it provides a condition review with the various parts of the property being given a condition rating from a ‘1’, which means ‘no immediate action or repair is needed’ to a ‘3’ which means an ‘urgent repair or replacement is needed now’. A category ‘2’ covers repairs which will require future attention.

The Market Value is also included in the Single Survey.

The Energy Performance Certificate (EPC)

This document provides an ‘Energy Rating’ based on items such as the construction method, the heating system, insulation levels and even the number of low energy light bulbs. The EPC provides useful information about what works could be carried out to a property to make it more energy efficient.

The Property Questionnaire

The document is provided by the seller and includes useful information such as the service providers, the Council Tax banding and whether any alterations have been carried out to the property.

The Mortgage Valuation (MV)

The MV is a summary of the rest of the report which is used for lending purposes. If the purchaser of the property needs a mortgage, the lender can ask the surveyor to provide a transcription of the MV which it then uses to help it make a lending decision. Allied Surveyors Scotland is on all the major lending panels so can provide MV transcriptions to all the major lenders.

Some of the regulations surrounding Home Reports include:

1 – The Home Report must be no more than 12 weeks old when the property is first marketed.

2 – The property can be taken off the market for up to four weeks without having to arrange a new Home Report.

3 – The Home Report does not need renewing if the property is continuously marketed. If it takes longer than three months to sell the property, a Replacement Home Report may be required for lending purposes but this will only be needed at the time of sale, not every three months.

There are far more regulations surrounding Home Reports. Further information can be found at this website:

www.gov.scot/Topics/Built-Environment/Housing/BuyingSelling/Home-Report

Further Information

If you would like any further information or would like to arrange a Home Report, please do not hesitate to contact us at our closest office. Details as follows:

Address – Herbert House, 30 Herbert Street, Glasgow, G20 6NB

Phone – 0141 337 1133

Email – glasgow.north@alliedsurveyorsscotland.com

Web – www.alliedsurveyorsscotland.com

Home Report Quotation

If you would like a quote for a Home Report please contact the office or click on this link: