Disclosing old Survey Infomation to a prospective buyer

regdorp

I am selling my house. I had a survey 4.5 years ago when I bought, but the prospective buyers I have won't book their survey until they have more confidence in the house condition (it's a BISF prefab). The t+cs of my survey from when I bought doesn't allow me to disclose the information, but I wondered if anyone knows if their is a time limit that such a condition can be imposed for?

I must have some rights to the information that I paid to obtain?

If the buyers had a read of the old survey, I'm sure they'd then book their own and progress with the purchase.

Cheers in advance.

Fire_Fox

How else other than paying for a full structural survey do the buyers propose to gain more confidence in your property's condition??

G_M

Invite them round and let them have a read of it but not take it away/copy it.

If that doesn't get them to arrange their own survey nothing will!

maninthestreet

Why would a survey of your own property, that you commissioned and paid for, state that you are not allowed to disclose it's contents???

Imp

As part of your HIP, you can include a survey, commissioned by yourself. If you have a dodgy looking house, but you know it is okay, then it is definitely worth including a survey in the HIP (paid for by the vendor)

Richard_Webster

There are two separate issues here:

1. Is there anything really wrong with the house?

2. Will a future mortgage lender refuse to lend because it is BISF?

Even if a surveyor says he can't find any problems with the house, if a lender has a policy of not lending on such houses then the survey won't make any difference.

As a seller, OP will want to reassure his buyer, but the fact remains that a sensible buyer I should make enquiries about the general mortgageability of such properties. If buyer does this later and finds out there is a possible problem - his lender is OK but there aren't many others(?) - then he might have second thoughts.

DVardysShadow

regdorp wrote: »

... The t+cs of my survey from when I bought doesn't allow me to disclose the information, but I wondered if anyone knows if their is a time limit that such a condition can be imposed for?

I must have some rights to the information that I paid to obtain?

The restriction is nothing to do with your rights and everything to do with the surveyor's liabilities. I have been aware of this term on surveys for years and I believe it is probably a requirement of their professional negligence insurance.

The surveyor is liable to you, regdorp, for your use of the information. He is not liable to your buyer, nor should he be after 4 years when you could have wrecked the place.