just about to buy...

Joe_Bloggs

@James3333
I have no doubt that your survey for the purchase of your house will be a suitable number.

I do not understand how an independent surveyor sent by your lender will value your potential future property as flexibly. It will be valued at what they think it is worth in an open/distressed market.

J_B.

Mallotum_X

Have you had your house valued by someone not connected with the house builder?

Assuming this post is not a wind up then you really need to get some independent advice, values and financial blokes.

MrRee_2

james3333 wrote: »

i have managed to get the builder to pay for all searches, solicitors fees etc so this shouldnt be a problem....

If the lender knows this then they will de-value the house by - at least - the cost of these.

Nothing is for nothing ..... and I fear you are getting royaly stitched-up!

chewmylegoff

james3333 wrote: »

oh, the builders have a financial bloke who i have spoken to and he sorted the survey of MY house for free (they tried to get £250 out of me at first, but i haggled and got it for nothing) he also got me agreed in principle for the new house, so i assume that he will sort/its been sorted?

you may think that this (and the building company paying the legal fees) represent a great deal. but in reality what you are doing is using the services of people who represent the interests of the builders, and not your interests.

suggest that you say "since you agreed to pay the legal costs, you won't mind lopping £1k off the price of the house, and letting me pay for my own solicitors".

if you are determined to use their solicitors, check that "free" really means "free" and that they can't just dump a load of ancillary costs onto you. otherwise they will.

but ultimately, you're buying something for £150k. the costs of the survey and legal costs would not be a corner i would cut. the builder's surveyor and solicitor are not going to be falling over themselves to point out any problems to you...

james3333

sunshinetours wrote: »

See if you get the same overall deal offered when you say you wish to use your own "financial bloke"

Please use your own solicitor and own finanical adviser/mortgage company if nothing else

I really dont see how i could get a better deal, i have haggled and haggled until i have got exactly what i want ( garage, kitchen, carpets, 15k off, choosen plot, and even got them to agree to spot lights, built in fridge/freezer etc)

MrRee_2

You have only got what they were willing to give you - never, ever, ever, forget that!

I sincerely hope you take some independent advice from somewhere - they are not offering to look after the legal side and survey side for your benefit ..... it is for their benefit!

The only time I smelled something this fishy I was stood at the harbour wall in Hull watching them offload the days catch!

BEWARE!!!

Joe_Bloggs

I am not saying it is a bad deal but it may set alarm bells ringing to those in the know on the mortgage board.

Your lender must still be convinced that the property is worth what it is to another buyer. Your vendor cannot provide this whatever the incentives they personally offer to you.

J_B.

james3333

MrRee wrote: »

You have only got what they were willing to give you - never, ever, ever, forget that!

I sincerely hope you take some independent advice from somewhere - they are not offering to look after the legal side and survey side for your benefit ..... it is for their benefit!

The only time I smelled something this fishy I was stood at the harbour wall in Hull watching them offload the days catch!

BEWARE!!!

jesus!....talk about scare mongering!
i have haggled like a trooper and palyed all the cards from similar property prices in the locallity, to size comparisons of other house, , ive played the current state of the economy card, , the 'you need to sell these more than i need to buy' card, and the 'i know its the end of your financial year and i know you NEED to get some of these houses sold card......what can i say...im a good haggler and i dont see anything fishy here, they only gave me what i INSISTED AND INSISTED ON to get the deal done!

nicko33

a lower price might make it easier to haggle your way into a lower council tax band... maybe

chewmylegoff

if i was buying something for £150k, i'd want my own legal advice and my own (proper, not valuation) survey provided independently of the person selling me that thing.

if you were entering into a business deal with someone, and they said "tell you what, as a sweetner, you can be advised by my in-house solicitor and i'll cover the cost", would you think that was a clever idea?

the most likely outcome is that nothing will go wrong, but personally i wouldn't be taking that sort of risk on the biggest financial transaction i'd ever been involved in.