Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Jb_1982
    • By Jb_1982 16th Sep 17, 8:35 PM
    • 51Posts
    • 17Thanks
    Jb_1982
    Home Buyers Survey
    • #1
    • 16th Sep 17, 8:35 PM
    Home Buyers Survey 16th Sep 17 at 8:35 PM
    Hi again...
    So, I'm nearly at the point of exchanging contracts between my vendor and my purchaser. Now my purchaser has decided to have a Home Buyers Survey/Report (not the standard one). I live in a house built in the 80's and see no purpose of having this done on this property. I am buying a house on the same estate as the one I am selling, and built around the same time. I just had a standard one. The earliest time this survey can be done is the 5th October 2017, which seems ages away at this point. We accepted the offer in June for our house and the survey has only been requested now.

    Can this survey threaten the sale? I can see no reason for the survey showing anything significant. Has anyone on this forum been through this procedure before with a survey? How much depth do they go into?

    Any help and advice is appreciated, I just want this whole process to completed ASAP!!
    Last edited by Jb_1982; 16-09-2017 at 9:31 PM.
Page 1
    • davilown
    • By davilown 16th Sep 17, 9:18 PM
    • 1,452 Posts
    • 938 Thanks
    davilown
    • #2
    • 16th Sep 17, 9:18 PM
    • #2
    • 16th Sep 17, 9:18 PM
    The home buyers survey is the standard survey and probably a minimum requirement if I was buying a house.
    If it uncovers something untoward then of course it can threaten the sale.
    Back in Debt £1830,545/£225,000 on a mortgage, Overpayment £96 pm - Aim to be Mortgage free by 2028
    £27000/£27000 paid off Feb 2010 since LBM Jan 2007!
    • Jb_1982
    • By Jb_1982 16th Sep 17, 9:25 PM
    • 51 Posts
    • 17 Thanks
    Jb_1982
    • #3
    • 16th Sep 17, 9:25 PM
    • #3
    • 16th Sep 17, 9:25 PM
    The home buyers survey is the standard survey and probably a minimum requirement if I was buying a house.
    If it uncovers something untoward then of course it can threaten the sale.
    Originally posted by davilown

    It is not the standard one I am referring to, its the more in depth one. I don't know what the technical name for this survey is called.
    • Mutton Geoff
    • By Mutton Geoff 16th Sep 17, 9:28 PM
    • 866 Posts
    • 912 Thanks
    Mutton Geoff
    • #4
    • 16th Sep 17, 9:28 PM
    • #4
    • 16th Sep 17, 9:28 PM
    It is not the standard one I am referring to, its the more in depth one. I don't know what the technical name for this survey is called.
    Originally posted by Jb_1982
    http://www.which.co.uk/money/mortgages-and-property/first-time-buyers/guides/buying-a-home/house-surveys
    Compensations/Refunds from Banks & Institutions - £4,165 | Stooz Profits - £7,636 | Quidco - £3,963

    All with a big thank you to Martin and MSE.com from Mutton Geoff!
    • Jb_1982
    • By Jb_1982 16th Sep 17, 9:31 PM
    • 51 Posts
    • 17 Thanks
    Jb_1982
    • #5
    • 16th Sep 17, 9:31 PM
    • #5
    • 16th Sep 17, 9:31 PM
    Thank you.. thats helped a great deal...
    • G_M
    • By G_M 16th Sep 17, 10:40 PM
    • 41,084 Posts
    • 47,220 Thanks
    G_M
    • #6
    • 16th Sep 17, 10:40 PM
    • #6
    • 16th Sep 17, 10:40 PM
    So, I'm nearly at the point of exchanging contracts between my vendor and my purchaser.
    No.You're not.

    Can this survey threaten the sale? I can see no reason for the survey showing anything significant. Has anyone on this forum been through this procedure before with a survey? How much depth do they go into?
    Originally posted by Jb_1982
    As you have not told us which survey is being done, we can't tell you how much depth!

    But the "more in depth one" is likely to go into considerable... errr.... depth!

    Can it threaten the sale? Of course. If it finds anything significant of concern, or anything minor that the buyer interprets as signficant, then it can result in the buyer wishing to reduce the sale price, or cancelling the purchase altogether.

    Has anyone on this forum been through this procedure before with a survey?
    Yes - Countless people.

    Any help and advice is appreciated, I just want this whole process to completed ASAP!!
    Of course you do. But you can't get the survey done any quicker than what the buyer has arranged.
    • Jb_1982
    • By Jb_1982 16th Sep 17, 11:25 PM
    • 51 Posts
    • 17 Thanks
    Jb_1982
    • #7
    • 16th Sep 17, 11:25 PM
    • #7
    • 16th Sep 17, 11:25 PM
    No.You're not.


    As you have not told us which survey is being done, we can't tell you how much depth!

    But the "more in depth one" is likely to go into considerable... errr.... depth!

    Can it threaten the sale? Of course. If it finds anything significant of concern, or anything minor that the buyer interprets as signficant, then it can result in the buyer wishing to reduce the sale price, or cancelling the purchase altogether.

    Yes - Countless people.

    Of course you do. But you can't get the survey done any quicker than what the buyer has arranged.
    Originally posted by G_M
    I can't workout if this response is patronising, sarcastic, helpful or a combination of the 3. Nonetheless, thanks for spending the time to respond.
    • davilown
    • By davilown 17th Sep 17, 5:24 AM
    • 1,452 Posts
    • 938 Thanks
    davilown
    • #8
    • 17th Sep 17, 5:24 AM
    • #8
    • 17th Sep 17, 5:24 AM
    I can't workout if this response is patronising, sarcastic, helpful or a combination of the 3. Nonetheless, thanks for spending the time to respond.
    Originally posted by Jb_1982
    Defintely a combination of all 3 - and he's being quite polite to be honest. As he's said, you're nowhere near completion and you don't know what survey is being completed so of course it can threaten the sale.
    Back in Debt £1830,545/£225,000 on a mortgage, Overpayment £96 pm - Aim to be Mortgage free by 2028
    £27000/£27000 paid off Feb 2010 since LBM Jan 2007!
    • Davesnave
    • By Davesnave 17th Sep 17, 6:27 AM
    • 23,126 Posts
    • 88,481 Thanks
    Davesnave
    • #9
    • 17th Sep 17, 6:27 AM
    • #9
    • 17th Sep 17, 6:27 AM
    Yes, the buyer ought to have done this somewhat sooner, so maybe there's a sneaky ulterior motive, but there doesn't have to be.

    For example, the buyer could recently have learned that some houses on your estate have a particular defect, or that there have been incidences of subsidence.

    These are just two reasons why an 80s house might require at least a homebuyer's survey, despite your thinking that it is somehow above all that.
    'A society grows great when old men plant trees whose shade they'll never sit in.'
    • G_M
    • By G_M 17th Sep 17, 12:12 PM
    • 41,084 Posts
    • 47,220 Thanks
    G_M
    2 of the 3........
    • agrinnall
    • By agrinnall 17th Sep 17, 1:45 PM
    • 18,432 Posts
    • 14,147 Thanks
    agrinnall
    2 of the 3........
    Originally posted by G_M

    Meatloaf...2 out of 3 ain't bad
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,634Posts Today

6,301Users online

Martin's Twitter
  • RT @thismorning: 'Sometimes the best gift is releasing somebody else from the obligation of having to give to you' says @MartinSLewis. Do y?

  • Shana tova umetuka - a sweet Jewish New Year to all celebrating. I won't be online the rest of t'week, as I take the time to be with family

  • Dear Steve. Please note doing a poll to ask people's opinion does not in itself imply an opinion! https://t.co/UGvWlMURxy

  • Follow Martin