Home Report Paisley

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Allied Surveyors Scotland Paisley Office is based in what is Scotland’s second largest town with the postal coverage of the office extending from PA1 – PA13 and includes the G78 post code. In effect the area covered by the office extends to all of the town as well as West Renfrewshire and the town of Barrhead and the villages of Uplawmoor and Neilston. Being located in the town for over 20 years, the office has a comprehensive knowledge of the property types and diversity of accommodation in the area. Paisley itself has a strong history and culture and within the town there is a mix of both urban, suburban and rural properties on the edge of the town. West Renfrewshire benefits from open countryside with small villages and outlying areas offering a wide variety and diversity of property.

Selling a Property in Paisley

Under the Housing Scotland Act 2008, it was made legislation that a house for sale in Scotland with limited exceptions will require to be marketed with a Home Report in place. The Home Report requires to be carried out by a professional chartered surveyor with the Royal Institution of Chartered Surveyors. The Home Report comprises in principal 4 separate documents:

Single Survey – this report provides a general overview on the condition of the property and an overall description of various building components and services. This report is commissioned by the seller and is relied on by the purchaser on most occasions for lending purposes. Included in the report there will also be a building insurance valuation.
Energy Report – this is also provided by a Chartered Surveyor and gives an overall view on the energy efficiency of the property and any recommendations with regards to improvements that could be made.
Mortgage Valuation Certificate – this document is a summary of the Home Report information and is relied upon by banks and building societies to assess the suitability of the property for the buyers lending requirements.
Property Questinnaire – this document is the sole responsibility of the owner and covers generic information regarding services, Planning Permission etc which a would be purchaser and their solicitor require to be made aware of .

Since the Home Report has been in place from 1 December 2008, it is now principally the report that a would be purchaser, their solicitor and ultimately lender, rely upon to progress the conclusion of a sale.

The Home Report, having a mortgage valuation included, and assuming the property is continually marketed, some lenders may ask for the Home Report to be updated, usually after 3 months, and the Chartered Surveyor who carried out the original Home Report can implement this requirement to maintain the continuity of the process.

Costs of a Home Report Paisley

The cost of a Home Report is loosely based on a sliding scale of fees working on the principal the smaller the property and value and the less time involved although there can be variations and exceptions to this arrangement. As a general entry level of fee, our office charges up to a value of £100,000 a fee of £350 + vat with a sliding scale thereafter on £50,000 increments to value. Should any interested party require further information regarding the cost of the Home Report fees then the best option would be to call the office and speak to either the principal surveyor or his suitability qualified and experienced staff to get a better handle on the outlays involved.

Paisley and West Renfrewshire Property Market

The current market conditions are generally buoyant and healthy with clear indications that the lenders lending criteria is now a bit more relaxed and as a consequence of this we are seeing a healthy introduction of properties on the market for sale. As highlighted, Paisley and the surrounding West Renfrewshire area has a wide diversity of property and within the last 18 months-2 years Paisley has been a considerable amount of new build development and there has been the inward investment of finance in Paisley in the form of the Abbey Close development, the Park Lane development to the former Arnotts Building and Link Housing have just recently completed a 40 unit flatted development in the town centre on Lawn Street. In addition we are seeing healthy growth in new build developments not only in Paisley but to Linwood and Bridge of Weir and Bishopton and already in the pipeline is the future development of the Ciba Geigy works at Hawkhead. Over the last 2 years, the property market has seen a slow incremental growth and we are seeing a clear and sustained growth in property values at approximately 5% per annum with notable exceptions to the lower end of the flatted market where the recent buy to let legislation we anticipate will impact further on the demand for tenement flats for letting and investment purposes.

Instructing A Home Report

Should you require our assistance in providing further information or instructing a Home Report then please do not hesitate to contact us either on our main Allied Scotland website or alternatively we can be phoned, emailed or faxed on the following details. 0141 889 4105, paisley@alliedsurveyorsscotalnd.com, 0141 848 1706.