Scottish home reports, lenders panel and valuations

Ewanas

All, considering putting our house on the Market and the estate agents I have visited so far have quoted between £500 and £700 for the Scottish home report. if I look online I can find companies that use RICS registered surveyors to provide the same legally complete report but will do it for £200!!

What's the catch? How can it be so much cheeper.

If I receive an offer and if the buyers lender does not accept the home report valuation because the online company or individual surveyor are not on the lenders panel then a new valuation survey will be needed but who pays for this me or the buyer?

Really need to get some clarity on this, like everyone I want to spend the least amount getting the house on the Market .

Thanks
E

PPPingu

Hi there, I raised a wee thread on this when we put our home on the market:
https://forums.moneysavingexpert.com/discussion/3116524
regarding who would pay, i think it's negotiable between vendor and buyer, although probably expected of the vendor more.
Technically, I think that the MVR expires after 12 weeks, regardless if the lender approves the surveyer, so it may need refreshed then.