Definitions for "Structural Survey"
Report seeking structural problems or defects.
A report constructed by the surveyor detailing firstly, whether the house is structurally sound and secondly, listing the major/minor defects, (including the necessary work which needs to be done).
This is the most detailed type of survey report normally undertaken in connection with a House Purchase. If a Structural survey is opted for then the lender will also need to have a mortgage valuation carried out for their own purposes and the borrower will be responsible for both fees. An alternative may be a Home Buyers Report which will cover both the borrower and the lender but advice should be taken from a qualified surveyor who will be able to advise on individual properties and circumstances.
An expert examination of the property you are considering buying aimed at discovering any structural flaws or repairs needed which you may have failed to notice yourself.
Keywords:  glossary, mortgage
Mortgage Glossary