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This is a property survey report which has more information than a mortgage valuation but is not as detailed as a full structural survey report. This report is used by the lender in place of the mortgage valuation report and gives more information that will enable a borrower to reach a decision on whether or not to purchase. A detailed structural survey report may be more suitable for some types of property, e.g. older. It is essential that professional advice is sought in this area.
Last Updated: June 2006 © Moneyextra.com
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