We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
home buyers survery -confused
wannamakeamil
Posts: 31 Forumite
As per the title of the thread we are little confused about the surveys on offer. We have seen a 1930's semi and made an offer on the house. The seems to be in good condition however is very dated, no Gas connection and looks like it needs rewiring. We will definitely get a survey done on the property which is in addition to the one carried out by the mortgage lender. What survey should we get done and how do we know the surveyor is reputable.
0
Comments
-
The mortgage lenders one is a 30second risk assessment and is usually full of caveats.
You can get a simple valuation, full structural, verbal or engineers report.
Valuation will tell you little.
Full structural will tell you everything and more and will probably confuse you (will also be full of caveats - need a damp/timber/roof specialist due to access etc etc) .
Verbal is the cheapest by far and will allow you to get the full picture, without a report which is more concerned with not being sued. Many surveyors won't entertain these as they aren't as lucrative and aren't sure of their liabilities.
If I am worried about the structure having seen new brickwork/garages/extensions or cracks I will go for this.
Irrespective of which you actually need the surveyor to give you a value on each fault for repair, otherwise you will just be left confused.0 -
Suggest you contact the Royal Institution of Chartered Surveyors (RICS) https://www.rics.org or 0870 333 1600. On website go to Find a Surveyor and check out ones local to you. There is also a useful section on the TWO types of surveys - Homebuyers or Building Survey. Mortgage valuation is purely for the lender to make sure they'll get their money back if things go pear shaped - it's not a survey. There will always be caveats as no-one has a crystal ball - surveyors aren't allowed to rip up carpets, pull off wallpaper, etc, etc but they are highly qualified people who have to have professional indemnity insurance so if anything does go wrong the client has some come back. With a verbal report you'll have no come back whatsoever.
HTH0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards