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Structural Engineers Report

I've received a letter from the bank saying that to proceed further in my mortgage application, they need a Structural Engineers Report carrying out.

Does anybody have a ballpark figure for this kind of work?

Thank you please.
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Comments

  • Dave_Ham
    Dave_Ham Posts: 6,045 Forumite
    Tenth Anniversary Combo Breaker
    After a truck load of silly posts, with random comments you now ask a sensible question...

    Imagine you want a sensible answer of use, rather than some of your own?

    I had a client who had to have one a few months ago and it cost £1200. There were a few more specifics required and specific requests, but from memory they had to have a few specific qualifications/associations..

    Imagine it will depend on property size and type though...
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • CBR600F_2
    CBR600F_2 Posts: 107 Forumite
    edited 23 May 2012 at 8:14PM
    I did it for the lulz. Just like everything.

    I started out on this forum more serious than terminal prostate cancer, but when nobody answered my genuine question, I reverted to type.

    But, I don't mean any harm. If anyone was offended, well, you have my sympathy.

    Anywho. I've got a few quotes, cheapest being £300. Most expensive being £540.

    Whilst we're being serious here, I was thinking of asking the vendor to pay for the s. engineer's report in its entirety. But it's me that needs to submit the report to my lender, and if I hadn't paid for it, I'd have no right to it, correct?

    Also, what's the score if this report kicks up work that needs doing? Would the ball be in the vendor's court - so to speak - then?

    Thanks.
  • Dave_Ham
    Dave_Ham Posts: 6,045 Forumite
    Tenth Anniversary Combo Breaker
    Good call - my clients was in Central London so assume they doubled it up just to seem credible.

    It depends upon personal situation, I would imagine it all sits with the Vendor but it depends who plays hard ball best..

    If it flags anything up (and typically they do) would definitely put this in the Vendors court for sure..
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • CBR600F_2
    CBR600F_2 Posts: 107 Forumite
    So it'd be viable to say something along the lines of, 'Hey sh*tbird, this is how it's going to go down, see? You pay for this here structural engineer's report, see? And then you hand it over to me, see? And then I'll give it to my lender, see? And we'll go from there, see?'

    Seems cheeky to me. I mean, I need this report for a mortgage and peace of mind.
  • Dave_Ham
    Dave_Ham Posts: 6,045 Forumite
    Tenth Anniversary Combo Breaker
    Exactly how I would have phrased it - I think you have to at least chance your arm but will depend upon who wants/needs it most..
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • CBR600F_2
    CBR600F_2 Posts: 107 Forumite
    'Chance my arm'? You mean knock the tar out of him? I'm pretty sure that's a direct violation of my parole. I'm not going back to jail. There're cats in there that want to do do horrible things to me after I ratted on all of them, increasing their sentences, on average, by 5 years.

    No, I believe I'll offer to share the costs. Like a good will gesture. I mean, he's the one who's going to have to pay for the work that likely'll need doing. Yeah, that's the ticket.
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    In much simpler terms if you went ot buy a car for £2,000 and found it had no MOT would you say 'Kind Sir I will pay you the £2,000 and pay for the MOT myself tomorrow' or 'MOT it and we will discuss the 2k or give it to me for £1,400 and I will take my chances'?

    You can't expect to sell a car for full price with MOT any more than you can sell a house with structural defects. Vendor will encounter the same problem with the next buyer should you walk away.

    Play hard ball, prison has I am sure given you a few pointers. Just don't fall for the 'Do you want to play Mummies and Daddies' game!!
    I am a Mortgage Adviser
    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.
  • CBR600F_2
    CBR600F_2 Posts: 107 Forumite
    Man, I always hated that game. Even now I sleep with a shiv under my pillow. I don't really know why. It's habit more than anything.

    So I should basically say, 'Pay for the report, remedy anything it comes up with, and then - and only then - will I think about buying your house off you.'

    Seems fair. I suppose the danger is he'll just take it off the market. I mean the problems highlighted in the valuation are movement in the walls thought to be ongoing. Sounds like an expensive fix.
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    The report could also be only a first step. You've no guarantee the report will say it's fine or falling down, likely to be somewhere in between, and you're looking at costs for investigation and repairs - whereabouts is the house?
  • CBR600F_2
    CBR600F_2 Posts: 107 Forumite
    It's in the East Riding of Yorkshire. I wouldn't be liable for repairs though, would I? Only after we'd exchanged contracts. And that's not going to happen if this report brings up issues, because the bank won't give me a mortgage.
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