As Lana says, the Bank's inspection is merely to protect their own interests.
If you have an independent survey carried out, then the inspector should inspect the property, prepare a report on its condition, and give you an independent appraisal of its market value.
The report should cover the following areas:
- Foundations.
Damp proof course.
Signs of rising damp and if so the seriousness, cause and likely cost of remedial work required.
Checks of under floor areas.
Signs of cracking in walls and columns.
Quality and condition of cement in concrete constructed buildings.
Quality and condition of woodwork including checks for dry and wet rot and insect damage.
Drains and manholes.
Septic tank.
Electrical wiring including an earth leakage test.
Heating and air conditioning equipment.
Swimming pool and related equipment.
Roof insulation type and quality.
Roof tiling.
