Securing finance is one of the biggest steps in the property journey. Most buyers know they’ll need income checks, savings history, and a valuation — but fewer realise that the condition of the property can also affect the process. Hidden structural risks or costly repairs can undermine value, delay settlement, or even jeopardise loan approval. While lenders don’t directly assess professional building reports, these reports are powerful tools for buyers. They help you anticipate risks, manage costs, and avoid finance complications. Here’s how your inspection report can work hand-in-hand with your loan application.
It’s easy to confuse a building inspection report from an inspection company like Swell Building Inspections with a lender’s valuation, but they serve very different purposes.
Together, these assessments give a fuller picture. The report tells you what repairs may lie ahead and the valuation tells your bank how much the property is worth for lending purposes.
Property loan experts in Tasmania base their decision on the valuation, not your building report. However, if your inspection uncovers significant problems, those same issues will likely affect the valuer’s assessment.
This is why inspections and valuations work best together: one protects your budget, the other protects your loan application.
When combined, building reports and valuations give you and your lender confidence in the property.
Armed with both, you can renegotiate the purchase price if repairs are needed, request that sellers complete urgent repairs, and build a repair buffer into your budget. You can also walk away if risks are too great.
This proactive approach reduces surprises, keeps finance on track, and positions you as a prepared buyer.
Sometimes problems come to light after finance has already been approved. Here’s how your inspection report can guide you:
Having an inspection report on hand means you’re never negotiating blindly — you’ve got the facts and evidence to back up your decisions.
As a provider of trusted property finance in Hobart, we know lenders don’t directly consider inspection reports — but we also know how valuable they are for protecting your finances and keeping your loan secure.
By combining insights from a building inspection with the lender’s valuation, you can:
Buying in Hobart? Talk to Fortify Loans today. We’ll guide you through pre-approval, connect you with trusted inspectors, and help you secure a home loan that’s backed by confidence — not uncertainty.
