A
Home Condition Report (HCR) contains information about the physical
condition
of a property, which sellers, buyers and lenders will be able to rely
on legally as an accurate report.
The Report is an important part of the Pack, and
can be included by sellers on a voluntary basis.
Sellers
who provide a Report will have an early opportunity to carry out repair
work on the property or obtain quotes prior to marketing.
Buyers
can use it at the beginning of the home-buying process to minimise the
possibility of being faced with unexpected repair bills and other
surprises.
Lenders can benefit by using the Report to inform
their valuations, reducing the need to repeat a detailed on-site
inspection at the buyer's expense.
The Government believes there
will be significant benefits to home sellers if they top up their Packs
to include full HCRs, and that this is a product that
the market can deliver. Communities and Local Government is working
with stakeholders to facilitate the voluntary take-up of the full
Report, and has invested resources in promoting and developing it for
consumers.
You can see a sample of a Home Condition Report here.
More on Condition Reports here
If you require a HCR or further advice please contact
us here