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Building survey |
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Building surveyAlso known as a full survey, this is the fullest and most comprehensive of the options open to the property buyer. It involves an extensive investigation of the property and a thorough examination of all the major aspects and minor details that are visible. There is some flexibility as you can request the surveyor to concentrate on specific features of the property. It is most suitable for larger, older homes with more potential for problems and those more than 75 years old, property over three stories in height, buildings of unusual construction (such as thatched, timber etc.), or if you plan to extend, convert or renovate the property. A full structural survey can cost you anything from £400 to £1000.Building survey Similar MatchesBuilding societyBuilding societyBuilding societies are mutually owned organisations, which exist not for profit but for the benefit of the members. The idea of this is that the society is able to offer cheaper products to its members, though this is not always the case. Buildings insuranceBuildings insuranceInsurance which covers the policyholder against certain building losses or damages which may occur. The insurers will usually specify a maximum claim limit (the sum insured) which is the full rebuilding cost of the home. It is the owner's responsibility to ensure the sum insured is correct and to regularly update this cover, and failure to do so may invalidate the policy. Building societyBuilding society'Mutual' non-profit-making institutions set up to lend money to their members for house purchase. Building societies are 'mutual;' because they are owned by their members, and their members are entitled to their profits and benefits.The Building Societies Act 1986 enabled building societies to provide a much wider range of services to their members, including unsecured personal loans, insurance policies, house-selling, and pensions. This was designed to put them on a level playing field with banks.In recent years some of the UK's largest building societies have demutualised and effectively turned themselves into profit-making banks, with their profits being distributed to shareholders rather than their customers.Building societies are regulated by the Financial Services Authority (FSA). Position buildingPosition buildingBuying shares to build up a long position or selling shares to create a short position in a particular security or group of securities. Buildings and contents insuranceBuildings and contents insuranceBuildings and contents insurance can often be purchased together protecting both the building structure and your belongings and possessions inside. Further SuggestionsCapacity buildingBuilding Societies Investor Protection Scheme Building And Loan Association Buildings insurance Building block bookbuilding |
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