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diference between a buy to let survey and a domestic survey?
andy2513
Posts: 18 Forumite
hi all
can any one tell me what the difference is between a buy to let survey and a domestic survey. I am buying my house to live in not let out is there any diference between the two and should i be worried Northen Rock has carried out a buy to let Survey. is it a more stringent ?
can any one tell me what the difference is between a buy to let survey and a domestic survey. I am buying my house to live in not let out is there any diference between the two and should i be worried Northen Rock has carried out a buy to let Survey. is it a more stringent ?
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Comments
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I doubt if there's any difference, but the best thing will be to ask Northern Rock to tell you what (if any) the differences are.I'm not a lawyer, so this is just my opinion. Don't go acting on legal advice you get from a stranger on the internet!0
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its just i got told that the buy to let one was more stringent and picky as you were going to rent out and the survey has sertenly been that .0
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AFAIK, a mortgage report and valuation is exactly the same for a residential as it is for a BTL. The BTL value will also have an estimate of the monthly rent likely for the property.
A more in-depth survey isn't a condition of either type of mortgage, so I can't see why these would be different either.
Can you expand what you're saying? What do you think has taken place? Why do you think you've had a "BTL Survey?"I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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