Bradleys Chartered Surveyors
  • Toms Update
  • Dangers of equity release


    As a firm we have carried out many hundreds of valuations for equity release, possibly now into the thousands. It is very popular and there are many advantages of equity release. However, it is of utmost importance that any loan taken out on equity release should be discussed in much detail with your financial adviser and taking into account your personal circumstances.


    Just to take as an example, say the home owner had a house worth £232,700 (the UK average) and they take a £100,000 equity release loan. Most equity release lenders charge around 5% but let us take in this example a rate of 4.91%. Lets also assume that annual house price growth averages 1% per annum. In these circumstances the outstanding loan would be in excess of the value of the house after twenty two years. Could be a bit worrying.


    Admittedly most equity release loans are not nearly as much as in this example compared to the value of the house and also if you hunt around you can find a lower interest rate. I noted today one lender offering a fixed rate loan of 2.82% which at the date of writing was the cheapest on the market.


    As with any financial decision with respect to your house it is most important to take good professional advice.


    Tom Davies

    Tom Davies

    Managing Director

  • Latest News
  • About Us
  • Bradleys Surveyors are a firm of Chartered Surveyors with vast experience operating throughout the core of the West Country, providing a straightforward and thorough service throughout Cornwall, Devon, and Somerset.


    Our RICS accredited Surveyors can aid you in a wide range of property services such as a Building Survey or HomeBuyer Report to assist you with your house purchase or one of the various valuations we specialise in. We have expertise in both residential and commercial property to satisfy our many different clients.


    Recent research has revealed that up to 90% of the residential properties inspected today suffer from some kind of defect. As a result, many buyers are unknowingly setting themselves up with the average bill of £5,750 to overcome hidden problems which would have been acknowledged by one of our surveyors in a report often costing as little as 10% of that bill! For many purchasing a property will be the largest investment of their life so don’t delay in gaining friendly and comprehensive reassurance from one of our surveyors today!

  • Homebuyers Report
  • The RICS HomeBuyer Report is a user friendly document presenting clear recommendations to the client, providing that extra reassurance before commitment to purchase is made. Comments are made in respect of the interior and exterior structure, services, grounds and legal issues in conjunction with a traffic light condition rating system. The knowledge of any existing or potential areas of concern allows the client to make a reasoned and informed judgement on their future home.

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  • Building Surveys
  • The most comprehensive survey available, a Building Survey will provide a technical breakdown of construction and condition of the structure and its main components. Any existing or potential defects will be identified, an opinion on origin given along with recommendations to overcome and prevent in the future. Information regarding specific issues such as structural movement, timber defects and dampness will be included providing you with a detailed assessment of your future home.

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  • Valuations
  • Our Chartered Surveyors are highly experienced in undertaking a wide range of valuation services, all in accordance with RICS standards. We can provide you with a valuation for many purposes (both residential and commercial) including Matrimonial Disputes, Probate/Inheritance Tax, Capital Gains Tax and more. On contact with a member of our friendly, knowledgeable staff we will be able to understand your needs and direct you appropriately and efficiently.

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  • Specialist Services
  • In addition, we at Bradleys Surveyors also offer a range of specialist services to meet our vast experience of this unique area of tht your survey needs. These include Expert Witness Reports, Concrete Testing and Professional Consultant’s Certificates to name a few. With the many issues specific to Cornwall, Devon and Somersee Country will fill you with confidence in all aspects of survey work.

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Career Opportunities

Qualified Chartered Surveyor Required

Must be MRICS, FRICS or AssocRICS. Carrying out mortgage valuations and surveys on residential property. Competitive salary and commission to be negotiated dependant on hours, experience etc. Four days a week optional. Varied interesting work and working with really good team.

To apply for this position please send your CV to sueshears@beagroup.co.uk

Toms Update!

Dangers of equity release


As a firm we have carried out many hundreds of valuations for equity release, possibly now into the thousands. It is very popular and there are many advantages of equity release. However, it is of utmost importance that any loan taken out on equity release should be discussed in much detail with your financial adviser and taking into account your personal circumstances.


Just to take as an example, say the home owner had a house worth £232,700 (the UK average) and they take a £100,000 equity release loan. Most equity release lenders charge around 5% but let us take in this example a rate of 4.91%. Lets also assume that annual house price growth averages 1% per annum. In these circumstances the outstanding loan would be in excess of the value of the house after twenty two years. Could be a bit worrying.


Admittedly most equity release loans are not nearly as much as in this example compared to the value of the house and also if you hunt around you can find a lower interest rate. I noted today one lender offering a fixed rate loan of 2.82% which at the date of writing was the cheapest on the market.


As with any financial decision with respect to your house it is most important to take good professional advice.


Tom Davies

Tom Davies

Managing Director

Latest News

About Us

Bradleys Surveyors are a firm of Chartered Surveyors with vast experience operating throughout the core of the West Country, providing a straightforward and thorough service throughout Cornwall, Devon, and Somerset.


Our RICS accredited Surveyors can aid you in a wide range of property services such as a Building Survey or HomeBuyer Report to assist you with your house purchase or one of the various valuations we specialise in. We have expertise in both residential and commercial property to satisfy our many different clients.


Recent research has revealed that up to 90% of the residential properties inspected today suffer from some kind of defect. As a result, many buyers are unknowingly setting themselves up with the average bill of £5,750 to overcome hidden problems which would have been acknowledged by one of our surveyors in a report often costing as little as 10% of that bill! For many purchasing a property will be the largest investment of their life so don’t delay in gaining friendly and comprehensive reassurance from one of our surveyors today!