FTB - which survey?

anuarun

Hi!!

I'm a FTB.
I've finally found a flat and my offer has been accepted.
It is just 2 years old and has a NHBC guarantee for 10 years.
What kind of survey do i need to go for?
Please advise.

Thankz

Doozergirl

In your position I'd just go for the basic mortgage valuation. If you want peace of mind, then go for the Homebuyers. If everything is okay, you'll find the survey completly useless It's that way with most houses I guess, though the chances of there being any problems are minimal at this stage in a building's life.

mr.broderick

anuarun wrote:

Hi!!

I'm a FTB.
I've finally found a flat and my offer has been accepted.
It is just 2 years old and has a NHBC guarantee for 10 years.
What kind of survey do i need to go for?
Please advise.

Thankz

Lets put the ball back in your court, which survey do you think you should go for....

Valuation
Homebuyers with value.
Structural.

mr.broderick

Doozergirl wrote:

In your position I'd just go for the basic mortgage valuation. If you want peace of mind, then go for the Homebuyers. If everything is okay, you'll find the survey completly useless It's that way with most houses I guess, though the chances of there being any problems are minimal at this stage in a building's life.

If you go for a structural survey i guarantee you as god is my witness he will find something wrong.

Doozergirl

mr.broderick wrote:

If you go for a structural survey i guarantee you as god is my witness he will find something wrong.

Apart from the fact that a full structural for the OP would be like killing a fly with a cannonball, we sold our 500 year old cottage and the full structural survey came back with 14 points. Some of them were:

We'd piled some excess gravel up by the side of the house and it was within 15mm of the DPM; the 'eyebrow' of a window needed painting; the dormer window didn't have a little lead rose like nest door (!!!!!!?) and a window was cracked. I can't remember the rest but the cost of remedial works in total was about £20. I I took that as a pass with flying colours! They have to say something when they spend that amount of time in your house

They didn't get a little lead rose included in the price of the house. I told them they'd have to pay extra, though they did of course try to renegotiate the price of the house

mr.broderick

Doozergirl wrote:

Apart from the fact that a full structural for the OP would be like killing a fly with a cannonball; we sold our 500 year old cottage and the full structural survey came back with 14 points. Some of them were:

We'd piled some excess gravel up by the side of the house and it was within 15mm of the DPM; the 'eyebrow' of a window needed painting; the dormer window didn't have a little lead rose like nest door (!!!!!!?) and a window was cracked. I can't remember the rest but the cost of remedial works in total was about £20. I took that as a pass with flying colours! They have to say something when they spend that amount of time in your house

Thats why i love you xx

continualdiamond

FTB here, completed last Fri.

Anyway we chose Homebuyers, our reasoning was that as a FTB we didn't want to be caught out and discover something ourselves that might of been revealed in the survey.

Though our property is older than yours so you might not need the same survey. Sorry can't be more help can only say why we chose the survey we did.

Doozergirl

Yes, I love you too mr b :dance: you're a whole new ballgame!

bobmarley_2

I juts got quoted £645 by the Halifax for a homebuyer's report:eek: . Is this the going rate for one? It seems overpriced to me.

Cheers,

Bob

mr.broderick

bobmarley wrote:

I juts got quoted £645 by the Halifax for a homebuyer's report:eek: . Is this the going rate for one? It seems overpriced to me.

Cheers

Bob

Not if you're buying 2 ..no..:p

GhostDog_2

Hmmmm another issue I'm unsure on (there are sooooo many!) :rotfl:
The property we plan to buy into (shared ownership) is an ex-council property which has been completely reconditioned / revamped / resomethingorother and now looks like a new build. New windows, heating system, kitchen etc. :T
I'm thinking along the lines that if this work has been carried out by a reputable building company employed by the HA then surely the building work must be up to scratch?

Am I being terribly naive?