Edwin Lake
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Edwin Lake
Edwin Lake Ltd is an independent property surveying practice with offices in Bath, Bristol and Salisbury, regulated by the Royal Institution of Chartered Surveyors (RICS) and specialising in Level 1 (Condition Reports), Level 2 (HomeBuyer Reports), Level 3 (Building Surveys) and Valuations.

The Level 1 (Condition Report) is an entry-level report which includes a snap-shot inspection of your home as well as a section which provides you with advice for your Solicitors and a clear summary of the key risks associated with the purchase.The Level 1 (Condition Report) is suitable for recent, standard-build properties with sections for all the main elements of the property.

The Level 2 (HomeBuyer Report) is a mid-range survey produced to a standard format giving all the main elements of a property a Condition Rating 1 (good) to 3 (bad). It includes maintenance advice and a valuation. It is a survey suitable for properties built after 1837 but particularly for houses and flats constructed after 1930.
Services
Mortgage Valuations are not the same as surveys.
The Level 1 (Condition Report) will give you a clear and concise "snap shot" of the condition of your potential purchase on the date of inspection.
This is your report, prepared independently for you and not your Lender.
The Level 1 report is a home survey which provides an inspection of the property and incorporates a section which provides you with advice for your Solicitors along with a clear summary of the key risks associated with the purchase.
Commonly referred to as a Level 2 (HomeBuyer Report), this report was designed by the RICS as a cost effective method of minimising risk.
The focus is on the essentials; defects which have a material effect on the value of a property.
The report format is standardised, compact, and easy to understand.
Elements are given a colour coded condition rating of 1 to 3. It covers the building inside and outside, the services and the site.
The report also contains both a current market value and a re-instatement cost for your insurance policy.
Previously known as a Full Structural Survey, the Level 3 (Building Survey) is the most detailed report we provide.
The cost of a Level 3 report normally starts at 700 (VAT is payable at the current rate) for a smaller terraced house or three bedroom semi-detached house of up to 250,000 in value.
We will examine closely the structure and condition of all accessible elements of the property providing comment upon the nature of the construction materials and maintenance requirements in the short, medium and long term.
When a person dies their estate must be valued so that any inheritance tax that is owed can be calculated.
An inheritance tax (probate) valuation will be an accurate reflection of what the property would sell for on the open market on the date that the owner died and is prepared in accordance with the guidelines laid down in the RICS Red Book.
We can advise you on how much you should insure your property for in case it is damaged by fire, flooding or some other insured peril.
The valuation figure is based on the cost of demolition, reinstating the property.
A specific defect report concentrates on one or more particular defects which have been specified by the client, for example, a damp problem or a defective roof covering.
The report will cover the cause of the defect and suggest remedial works covered in similar detail to a Building Survey and with photographs.
Problems of dampness can often be solved through good maintenance without the need to rely upon internal tanking or silicon injection damp-proof courses which often conceal the effects of dampness instead of addressing the cause.
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