Today,\u00a0The Royal Institute of Chartered Surveyors\u00a0(RICS) has launched a consultation\u00a0involving both property professionals and consumers\u00a0which will run until the 28th\u00a0July 2019.<\/p>\n
This consultation is intended\u00a0to review the\u00a0existing\u00a0home survey and propose changes that will improve the standard of surveys\u00a0available to homebuyers.\u00a0 If accepted and implemented, these new standards will become mandatory for all property surveyors.<\/p>\n
Data available indicates over the past 10 years,\u00a075\u00a0per cent\u00a0of\u00a0buyers who bought a home\u00a0had a survey,\u00a0of these\u00a021\u00a0per cent are uncertain about which type of survey report they had carried out.<\/p>\n
The need to educate homebuyers is one of the main drivers for this consultation.\u00a0 The RICS realise that there needs to be greater clarification about the various surveys available and why and how they differ from mortgage lenders valuations.<\/p>\n
Changes proposed within the consultation process are to include surveyors\u00a0being responsible for explaining the detail of the product and levels of service and how they differ to consumers, so that they feel informed to make the appropriate survey choice.<\/p>\n
There is also a proposal to change the naming of surveys to a number based system \u2013 with levels one to three for each category.<\/p>\n
RICS global property director,\u00a0Paul\u00a0Bagust,\u00a0said: \u201cAs part of our commitment to promote and enforce the highest standards in the residential sector, we are now leading an extensive public consultation to deliver a standard which ensures transparency, consistent competence and high level of service as expected from RICS professionals.<\/p>\n
\u201cAttaining the highest professional and ethical standards is vital to provide consumers assurance that work undertaken by home surveyors meets these standards.\u201d<\/p><\/blockquote>\n
https:\/\/consultations.rics.org\/consult.ti\/HSS_consultation\/consultationHome<\/a><\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Today,\u00a0The Royal Institute of Chartered Surveyors\u00a0(RICS) has launched a consultation\u00a0involving both property professionals and consumers\u00a0which will run until the 28th\u00a0July 2019. Changes will become mandatory for surveyors This consultation is intended\u00a0to review the\u00a0existing\u00a0home survey and propose changes that will improve the standard of surveys\u00a0available to homebuyers.\u00a0 If accepted and implemented, these new standards will become… Read more »<\/a><\/p>\n","protected":false},"author":217,"featured_media":8180,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[126],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/5023569"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/users\/217"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/comments?post=5023569"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/5023569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media\/8180"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media?parent=5023569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/categories?post=5023569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/tags?post=5023569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}