We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
selling survey and searches
silvercar
Posts: 50,808 Ambassador
We've just been gazumped on a property. (Read the "lost buyer after 5 months" thread for the whole saga.)
The EA asked us if we would be prepared to sell the survey and searches onto the new buyer. My initial reaction was not printable but once I've calmed down I suppose I should recoup my losses.
We had a home buyer's survey (half way between full structural survey and valuation). This was done by the mortgage company's appointed surveyer along with the valuation.
According to the mortgage company's handbook the cost of this is £1,100; in our case the mortgage company gives us one free valuation so they knocked this off the price and charged us £600. On our next property we will have to pay the full £1,100 as we've had our one free valuation.
The new purchaser wants to read our survey and then just pay their mortgage company for a valuation.
What price do you think I can ask for a copy of my survey?
The EA asked us if we would be prepared to sell the survey and searches onto the new buyer. My initial reaction was not printable but once I've calmed down I suppose I should recoup my losses.
We had a home buyer's survey (half way between full structural survey and valuation). This was done by the mortgage company's appointed surveyer along with the valuation.
According to the mortgage company's handbook the cost of this is £1,100; in our case the mortgage company gives us one free valuation so they knocked this off the price and charged us £600. On our next property we will have to pay the full £1,100 as we've had our one free valuation.
The new purchaser wants to read our survey and then just pay their mortgage company for a valuation.
What price do you think I can ask for a copy of my survey?
I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
0
Comments
-
selling searches is common, i am doing this on a flat i bought 3 months ago and selling to ftb. its speeds the process up. as for the survey, why not, its of no use to you and you get some money back!0
-
Why dont you tell them that the full cost of survey is £1100 and generously offer your survey report to them for half that......0
-
they say half price is fairYou're not drunk if you can lie on the floor without holding on0
-
i sold my house to my partner (long story) in november, we are now selling up.
how long are the searches valid for?
can we give them to the FTBs to save them some money?0 -
valid for 6 months, after 4 months solicitor may be a bit funny about it.sunflower wrote:i sold my house to my partner (long story) in november, we are now selling up.
how long are the searches valid for?
can we give them to the FTBs to save them some money?0 -
Sold for £600!
Apparently the new buyers have to give a £10k non- refundable deposit to secure the property. They were desperate to get the survey and offered £600.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Well done Silvercar ! :beer:A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards