What's in the report?
Industry leading property data, available to the home buyer for the first time
Move ahead with confidence
The Instant survey is a survey for the homebuyer, it is a similar format to a full homebuyers survey report; delivered in an instant, it’s like a vehicle HPI check, but for a house! Helping buyers move ahead with confidence, it answers questions such as: Is the ground the property is built on subjected to potential subsidence or movement because of nearby trees? Will climate change negatively affect the properties value within the next 30 years? Will the property conveyancing be more expensive? Will future saleability be impacted? How much of a risk is flooding to the property? Is ground water flooding forecasted to impact the properties value?
Data to rely on
The data sources that we pull this property survey information from are the same sources that leading banks, insurers and conveyancing solicitors use to make and share decisions about your property purchase; therefore our data is trustworthy and reliable. Your property solicitors will likely rely on some of the same data sources when conducting their house conveyancing and searches on your property purchase. This means our data can highlight potential issues that might occur in the sales completion stage, as well as potential problems with mortgage lending and insuring. Several of the companies that provide the data also work with the RICS (who offer homebuyer reports) and are used by many property conveyancing solicitors.
We liken our homebuyers report data packages to the vehicle HPI check but for houses. You wouldn’t risk buying a car without an HPI check so why take the risk on a house – the largest investment the average person will make in their lifetime!
Making decisions with full knowledge
Besides needing data around insurability, future saleability and market price, you also need information on the property’s history, future and surrounding area, which is what our buying a home survey includes. This type of data is usually only identified by your conveyancing solicitors in the conveyancing process after you have committed money to the purchase, but it is imperative to understand how invisible insurance perils might be present, or forecasted in the near future, and negatively impact upon your investment. For example, did you know it is not easy and sometimes impossible to get a mortgage on certain properties. These include:
– Properties of non-standard construction
– Properties with a high subsidence or flood rating
– Properties which are likely to be affected by climate change in the next 30 years.
– High rise flats
– Properties infringed by development plans such as HS2
– Leasehold apartments or flats with less than 80 years left on the lease.
– Properties with title deed issues
– Properties which are forecasted to be in flood risk areas within the next 30 years
The data contained in our Instant Home Buyers Survey report is broken down to ensure that buyers have all the information they need; we use a simple traffic light system just like a homebuyers survey. Properties that are close to large trees or on a predicted flood path for example are addressed in the subsidence survey and flood survey section within this report. They are notoriously difficult to insure and lend against, which negatively affects their future saleability.
We also summarise each field with a score, using metrics including potential risk, future saleability, how mortgageable the property is, how insurable it is and how expensive or timely the property conveyancing process might be. We always hope your instant property survey shows a straightforward case where the scores are good, mortgage lenders will not see an issue, the insurance will be competitive, and the house conveyancing process will be quick and seamless.
If this isn’t the case, we also offer advice and recommendations on what to do the score is not in line with a good result, as well as other important decision-making information. Banks and insurers use this data to decide on their terms to you and whether they will lend, so it is important to be able to:
– Access the same information that these industries have and therefore allowing you to make crucial decisions before financially committing to the purchase.
– Understand what the information means, and how to approach the situation should there be issues with the property. Potentially, this may even mean walking away from the investment, before committing any money to the property conveyancing process.
Professional information that is easy to understand
Our Instant Buying a Home Survey displays the same results that professional property organisations use and translates it into clear and easy to read information for the UK home buyer. As an example, a flood risk code of Very High given by Ambient (the advanced flood modelling solutions company) is decision-making information for insurance companies and lenders, but it does not mean much to someone outside of that industry. We take the results from the instant home buyers survey and explain what they actually mean in real terms for the person buying the property, such as how the score affects insurance companies, your mortgage and the completion of your sale.
We encourage the use of the Instant Survey before making an offer, or just after making an offer, and definitely before instructing property solicitors or a conveyancing solicitor to go ahead with the conveyancing process. There is usually a 24–48-hour gap in which to do this if you have just had an offer accepted.
This upfront information is an investment in its own right, as it can be the difference between going ahead or pulling out of a house purchase. This bespoke data can give you an advantage when negotiating a better price, securing a sound investment with good prospects of future saleability, discovering if there is a problem insuring the property and understanding if the house is mortgageable, allowing you to potentially save hundreds (and in many instances thousands) of pounds on the sales completion stage.
We have a saying at Buyers Edge; “free data can be expensive”, which is why for quality data we pay our partners each time we pull the data sets, the same as banks and insurance companies do, meaning we therefore charge our customers to obtain it. If the property purchase does not go ahead, you can use your unique 25% discount code from us, which will be emailed to you, for your next report.
Industry leading property data, available to the home buyer for the first time
Confirms the recorded class of the property - Example: Residential Dwelling
Confirms the style of property - Example: Detached or Terrace
Number of bedrooms in property
Shows the type of wall construction. Example: Cavity wall
Shows the shape of the main roof. Example: Flat roof
Shows the main construction of the wall. Example: Brick, Granite etc
Shows the properties current energy rating
Shows the council tax band of the property if located in England & Wales
Shows the council tax band of the property if located in Scotland
If the property is in England, this field shows whether the property is listed, if it is listed the grading is also displayed
If the property is in Wales, this field shows whether the property is listed, if it is listed the grading is also displayed
If the property is in Scotland, this field shows whether the property is listed, if it is listed the grading is also displayed
Confirms whether the property has a registered title
Confirms whether the property has a freehold title
Confirms whether the property has a leasehold title
Amount of years left on lease (Leasehold properties only - England & Wales)
Shows the Maximum height of the nearest Tree
Shows the Confidence level of height of nearest tree expressed in metres
Shows the proximity of the Nearest Tree to the property in metres
Shows if the nearest tree is overhanging the property
Model showing predicted tidal flood depth potential within the next 30 years (climate change)
Model showing predicted pluvial flood depth (Surface water flooding) potential within the next 30 years (climate change)
Model showing predicted fluvial flood depth (river flooding) potential within the next 30 years (climate change)
Shows the altitude of the property above Sea Level in metres
Shows the current overall likelihood of Property flooding
Shows the Likely Electricity Bill (£ per month)
Shows the Likely Electricity Consumption (kWh per year)
Shows the Likely Gas Bill (£ per month)
Shows the Likely Gas Consumption (kWh per year)
Shows the Likely Home Insurance Bill for a standard Buildings only level of cover (£ per month)
Shows the Likely Water Bill (£ per month)
The instant survey is an instant report on the property and uses a traffic light system to clearly show the situation, just like the RICS Homebuyers report. They also use a clear metre system to show other criteria like future saleability and insurability.
Mr and Mrs Rees, Guildford
I was particularly interested in knowing more about flood risk as there was a river nearby the potential property. The results were very in depth and gave me a really good understanding of the exact situation before we committed to making an offer. It turned out it would be very difficult to obtain a mortgage on the property and insure it due to the predicted flood forecast over the next 30 years. I am so happy I saved the money from not going ahead with this property. I used the same Instant survey for my current property, it came back positive this time.
Mr Riley , London
I will use Buyers Edge again and again. I was really interested to know the potential financial situation of the person who sold us their house. Buyers Edge state that the data they display is the same data that marketing agencies use to decide on strategy. It gives a really thorough overview of the potential situation you will be faced with, in this circumstance it gave me the courage to be a bit cheeky with my offer as I noticed the vendor likely had no debt, some savings, and we worked out using one of their tips, that they had very little left to pay on their mortgage.
Mrs Irving, Leeds
It is unbelievable to know you are able to get prior information about property title deeds and leases for flats and apartments. I viewed a flat in London which had come back on the market, the estate agent told me the reason it was back on the market was because the buyer pulled out because they could not obtain a mortgage. I purchased the Instant survey before making an offer and found that the length of the lease was less than 65 years, meaning some mortgage companies will not lend unless the lease is renewed which usually costs thousands of pounds... Very glad I did not waste a huge amount of time and money to find this out, always check!
Mrs Patel, London
My Son was buying his first property and asked me for help! I had not purchased a property for many years so was not keen on giving him advice. I came across Buyers Edge and decided to purchase both their data packages and sent them to him. My son relied upon the data in the reports throughout, the Instant survey did not return anything of concern, which gave him confidence to proceed, he also informed me the E-valuation was incredibly helpful to understand the correct price to offer.
Ms Anais , Twickenham
After viewing the property we were told by the estate agent that there was another family interested and they would potentially make an offer. We knew we had to be quick and researched as much as possible online, however most of the data was limited and anything more was overpriced because it is designed for you to buy in the conveyancing process after you have financially committed to the purchase, and had a long delay of 3 days and up to 2 weeks in some circumstances. We found Buyers Edge at the last moment and received an Instant Survey immediately upon purchasing, exactly what we were looking for.
The Grinhams, London
Other than the fact we think the data packages are an excellent service and represent exceptional value for money, the insurance discount makes it even more valuable! We stumbled upon Buyers Edge 2nd time lucky, part of the reason our first sale fell through is because of a budget solicitor firm which was very slow and poor with communication, when the sale fell through we had spent approximately £2000 which we won't be getting back. We decided to use Buyers Edge's recommendation on the 2nd property, The Partnership Solicitors, whilst they were £450 more than our previous it was worth every penny. Get the data packages and don't cut corners with solicitors!
The Sloans, Margate
The data returned in the Instant Survey is accurate, some of the issues that were highlighted in the report were picked up in the conveyancing process. We found Buyers Edge’s recommendations and advice in the reports to be valuable and effective. We would recommend this to any one considering purchasing a property. You also get a very useful exclusive discount with A-Plan Insurance.
Mr Hitchman, Manchester
Believe that we might have saved a few thousand by not going ahead with a property based on the results returned in the instant survey. Massive flood issues, and following the advice of Buyers Egde to get an insurance quotation prior to committing, very expensive to insure and many unfavourable terms surrounding flood, not really our cup of tea! If we had found this out later we could have lost hundreds or thousands of pounds. Buyers Egde give you a 25% discount for your next report if the first house does not go ahead, very fair and made sense to us!
Mr. Al-Ghawi, London
I have not purchased a property for many years and didnt really fancy asking the estate agents opinion, I am very aware they are working for the seller of the property and their job is therefore to sell it to you. After viewing 2 properties with the estate agent I wanted to do my own research, I knew the agent was not going to tell me about the negative aspects of the houses and anything I asked she was unsure of...The properties were only a mile apart from each other but one seemed to be a better purchase based on the Buyers Edge reports, this really helped me to decide which house to go for and removed the conflict of interest the agent had.
Ms Santos, Birmingham
I cannot express how valuable it is to be able to obtain this data before actually purchasing property. I am an active investor and have used Buyers Edge’s data packages on numerous occasion. I think I have a good understanding of the results that are shown in the packages but it is nice to read the advice and recommendations that Buyers Edge give, they are truly working for the buyer only. My offer always reflects what I see in the Instant survey and is never questioned by the vendor, it seems to be extremely accurate. When you sell use an estate agent and when you buy use Buyers Edge!
Mrs Foster, Farnham
The house we purchased is quite unique. We realised there is nothing exactly resembling it nearby and wondered where the agent got their valuation from. We purchased the E-valuation, the data that is displayed is hugely insightful, amongst others, it scores how realistic or emotional the agent has been with the listing price, like if it has been based on other data or is it more of a ‘lets try and see how much we can get’ policy. We realised that the agent had been hugely emotional in the listing price and based on other information in the E-valaution we came back with our own level we were happy with, it worked and we think we got a bargain!
Mr Barham, Nottingham