did anyone watch that Sarah Beeny show about problem houses

Doshwaster

mynameisdave wrote: »

Did last nights lot have a survey done? I missed the start of it so I don't know for sure I just assumed they did because there wasn't a constantly voice over talkng about how important it is to get a survey done

They did mention at the start that had put in a "cheeky offer" and were surprised it was accepted. I bet the seller but their hands off and did a runner with the money!

As for being perma-pregnant, well I suppose they do film a whole series of episodes in parallel so if she is pregnant in one she will be in all of them.

Beeny vs Allsop. Hmmmm - tough decision. That's a cat fight I would love to see.

pinkteapot

CarineG wrote: »

I have not seen the programme but I'm not surprised by the fact that she didn't get a survey done.

2 of my friends have/are buying property and do not see the necessity in having a survey done since the place 'look' okay.
For the sake of an extra £300, I certainly wouldn't take the risk...

One of my friends bought and had no survey done. We nearly came to blows over it; closest we've come to an argument. He and his wife read online what surveyors did and decided they could look at it themselves! They moved in and discovered the roof leaked.

pinkteapot

neverdespairgirl wrote: »

I've seen full surveys, they are really very detailed indeed.

The in-between is a Homebuyers Report.

My brother used to be an EA and he knew of mortgage valuations being done with a drive past. :eek: I have always had a Homebuyers Report done, even though my two purchases have been a flat in a purpose built 1980s block and a modern house that was in very good condition. You never can tell what might be lurking.

A full buildings report is expensive. I'd get one if I bought something that (a) was more than 100 years old, (b) had anything that was worrying me such as diagonal cracks, or (c) had had any structural alteration done (i.e. a house that had been extended, even if it was a modern house).

I just don't understand people wanting to save a few hundred quid on a survey (for Homebuyers anyway) to safeguard something they are spending probably hundreds of thousands on, using a debt they'll be tied into for years. Why on earth wouldn't you spend that money?

Doshwaster

pinkteapot wrote: »

I just don't understand people wanting to save a few hundred quid on a survey (for Homebuyers anyway) to safeguard something they are spending probably hundreds of thousands on, using a debt they'll be tied into for years. Why on earth wouldn't you spend that money?

Indeed. When I arranged my mortgage, it was £200 extra to upgrade the valuation survey to a Homebuyer's Report. For me it was a no-brainer. In the grand scheme of buying a house, £200 was peanuts.

SingleSue

kprice580 wrote: »

I watched this, and like lots of you was staggered at the fact they didn't have the/no money to underpin the extension, but DID have some for a brand new kitchen, Dining table, furniture for the front room, new toilet, doors downstairs, and the whole house re-decorated :rotfl:.

apparently the voice over man said that they did the underpinning through a cash injection from the woman's dad :T.

I thought they were still waiting for the insurance company re the piling of the extension...although the pipe work had been agreed by the insurance company.

I also thought it was her mum that gave them a cash injection, which they used to finish off the kitchen and dining area....going by the look of it, it must have been a sizeable contribution!

I was left shouting at the pc screen...."What about the blooming extension falling down, have they forgotten about it?"

Wish I could plaster that well on a first attempt.......

pimento

Their insurance company said they thought it was 'old movement' and said they would monitor the situation. So they plastered over the crack and put some kind of layer under the plaster that would crack in a straight line if/when the extension moved again. No point paying for underpinning if it's not going to move again. Plus, subsidence usually has a large excess for the insured to pay.

I would have decorated and re-done the kitchen because there's no way the house is saleable for the forseeable future so they might as well be comfortable.

What's the point is bringing up the survey afterwards? I thought the point of the show was to overcome the problems, not make the owner feel even worse.

mlz1413

pinkteapot wrote: »

The in-between is a Homebuyers Report.

My brother used to be an EA and he knew of mortgage valuations being done with a drive past. :eek: I have always had a Homebuyers Report done, even though my two purchases have been a flat in a purpose built 1980s block and a modern house that was in very good condition. You never can tell what might be lurking.

A full buildings report is expensive. I'd get one if I bought something that (a) was more than 100 years old, (b) had anything that was worrying me such as diagonal cracks, or (c) had had any structural alteration done (i.e. a house that had been extended, even if it was a modern house).

I just don't understand people wanting to save a few hundred quid on a survey (for Homebuyers anyway) to safeguard something they are spending probably hundreds of thousands on, using a debt they'll be tied into for years. Why on earth wouldn't you spend that money?

I thought that full structrual reports had come back and home buyers reports didn't? (I did ask earlier so if any one knows I'd be really interested.)

I know both are better than valuations, which are what they say and not surveys, but are any actually worth the money? do any give you protection against your extention falling off or give you more sway with an insurance company?

pimento

I was under the impression that a valuation and a homebuyers report were mainly for the benefit of the mortgage lender to ensure they would get their money back if you default.

pinkteapot

pimento wrote: »

I was under the impression that a valuation and a homebuyers report were mainly for the benefit of the mortgage lender to ensure they would get their money back if you default.

There are three types - valuation and homebuyers are different. The valuation (mortgage valuation survey) is for exactly this purpose. It's commissioned by the bank (but you pay for it), the report goes to the bank, you just get a copy. That's the one that is designed to reassure them the asset is worth what they're lending on it.

A Homebuyers report is written for the buyer and is a 9-10 page report (instead of the 1-2 page tick-box form for a valuation) listing major problems, things to be investigated further etc.