In most everyday conversations, yes — what many people still call a “HomeBuyer Report” is now commonly referred to as the RICS Home Survey – Level 2. RICS’ own consumer guidance explains that a Level 2 survey was previously called a “Home Buyer Report” / “Home Buyers’ Survey.”
That said, there are a couple of important nuances that are worth understanding so you know exactly what you’re being offered.
1) Why the names get mixed up
For years, “HomeBuyer Report” became a catch-all term for a mid-level home survey. RICS later standardised its “levels” more clearly (Level 1, 2 and 3), and the wording most consumers now see is “RICS Home Survey – Level 2” rather than “HomeBuyer Report.”
So if someone says:
- “HomeBuyer Report”
- “HomeBuyer Survey”
- “RICS Level 2 Survey”
…they’re usually talking about the same type of survey: a mid-level condition report aimed at conventional properties.
2) The key point: “RICS Home Survey – Level 2” is the modern RICS label
RICS describes Level 2 as being most suitable for conventional properties in reasonable condition, and notes it provides more detailed information plus guidance on repairs and maintenance.
Which? summarises this change in plain language: RICS surveyors offer three levels and Level 2 was previously called a HomeBuyer Report.
3) The two situations where “Level 2” and “HomeBuyer Report” might not be identical
A) “Level 2” used as a generic marketing term
Some firms use “Level 2” to describe a mid-tier survey even when they’re not producing the RICS Home Survey – Level 2 format. That doesn’t automatically mean the survey is poor — but it does mean:
- the report may not follow the RICS Home Survey reporting structure, and
- the scope, wording, and ratings system may differ from what buyers expect from a RICS-branded product.
If you want the RICS version, ask for it by name: “RICS Home Survey – Level 2.”
B) Valuation included vs not included
Historically, many “HomeBuyer Reports” were sold with a valuation. Today, Level 2 surveys are commonly offered with or without a valuation (this is also noted by Which?).
So two people might both say “HomeBuyer Report,” but one may include:
- a market valuation and reinstatement cost (insurance figure),
while the other may be condition-focused only.
4) What to ask a surveyor so you know what you’re getting
If you want to avoid confusion, ask these three questions:
- “Is this the RICS Home Survey – Level 2 report?”
- “Will it include a valuation, or is it survey-only?” (and confirm which you want)
- “Who will carry out and sign the report?” (confirm they’re a RICS surveyor and suitably qualified for the service)
5) Practical takeaway
- If you mean the traditional “HomeBuyer Report” from a RICS surveyor: that’s essentially the same product category now commonly referred to as RICS Home Survey – Level 2.
- The only real “difference” tends to be terminology and report version, and whether a valuation is included.
Need help choosing the right survey and checking what’s included?
Email mail@howorth.uk or call 07794 400 212 — tell us the property type/age and whether it’s been altered, and we’ll guide you on whether Level 2 is appropriate (and what to ask so your quote comparisons are genuinely like-for-like).