9 Crown Row, Bracknell, Berkshire, RG12 0TH
Liam McDonnell
Lettings Valuer
Liam attended school locally in Ascot and began his career in estate agency aged 18 in the Bracknell area. He has gone on to gain experience within the Maidenhead, Reading and Wokingham markets too. Building relationships is what Liam enjoys the most in his role, which gives him the opportunity to meet and help all kinds of people. Away from work, Liam enjoys playing football throughout the week and for a local Bracknell team on a Sunday (some say the next Sunday League Pirlo).
The best piece of advice I’ve ever been given is…
The way to get started is to quit talking and start doing.
Top of my bucket list is…
To travel around America and Australia.
On Sunday mornings, you can usually find me…
On a football pitch in all weathers – potentially a little jaded from the night before.
My guilty pleasures are…
Watching Super Sunday and the F1 whilst devouring a takeaway. Highly recommended.
The thing I like best about my job…
Helping and advising landlords on how to make the process of letting their property as stress-free as possible, and assuring tenants throughout the process so that it becomes an enjoyable and exciting experience.
The person I’d most like to go for a drink with is…
Sir Alex Ferguson.
15 Dec 2015
A Valuation Survey is usually commissioned by the buyer or the buyer’s mortgage provider, prior to exchange of contracts to purchase a property.
If you need a mortgage, the mortgage provider will require an independent valuation of the property known as a Home Buyers Report. This report must written by a qualified Chartered Surveyor, usually appointed to a ‘panel’ of approved valuers by the lender. If you do not need a mortgage, there is no requirement upon you to have a valuation but, given the sums involved, a valuation survey of some sort undertaken by a qualified independent third party would be prudent.
The Homebuyer’s Report is paid for by you, the borrower, but it is usually solely for the benefit of the mortgage provider. The lender will have certain minimum requirements in terms of Loan to Value Ratio and the report will confirm that the property is of sufficient value to meet these criteria. The report may not necessarily value the property at the purchase price.
It’s important to know that a Homebuyer’s Report is a basic valuation of the property and whilst it must be undertaken by a suitably qualified Chartered Surveyor, it is not a Full Structural Survey. When purchasing an older property it may therefore be worthwhile commissioning your own more detailed valuation survey (ideally undertaken by the same ‘panel valuer’ at the same time as the inspection for the valuation) or a full structural report. You should also make sure that this report is acceptable to the lender and may also be relied upon by you, the purchaser. Clarify this before the valuation/survey is requested.
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