Seen House I like - what now? (Scotland)

jennifernil

OP, you really do need to get finance in place first, otherwise you may be wasting everyone's time.

You need to know that someone will give you a mortgage, and know how much you can borrow. You also need a decent deposit to get a reasonable interest rate.

At age 21 and only 3 months in a job, I think you may find securing a loan difficult. I suggest you wait till you have 12 months behind you, and meantime save as much as possible.

Unless, of course, you already have a large deposit?

HouseBuyer1

Thank you all for your advice and feedback it is greatly appreciated.

I contacted a couple of solicitors today and the advice was definitely to look into getting an agreement in principle and speak to some lenders first before getting involved with a solicitor - so kind of contrary to the original advice from here.

Thanks for the feedback in regards to the time in my job, I appreciate I have obviously only been in my job 3 months and am relatively young. I have a 10% deposit. I have previously posted about this before and was advised, both my users and also a mortgage broker on here, that there are definitely lenders out there who would be more lenient to this. I think really for me to proceed I guess I would need to speak to an independent broker to see if anyone would humour me due to employment time and take it from there.

Thanks again

Hasbeen

googler wrote: »

It's not a homebuyer's report, it's a Home Report. If it's not worth the paper it's written, then why do reputable, qualified RICS surveyors put their names to them every day of the week? You make it sound as though the current HR wasn't produced by a qualified surveyor....

And how will the OP get a more detailed survey than that in the HR without spending way more than the HR cost the seller? If he gets a standard mortgage survey, that won't be any more detailed than the one in the HR

It is! but not enough info, no comeback (legal) when finding whats wrong with house

I live in scotland and have these but they are totally useless when buying!!!

scottishblondie

Hasbeen wrote: »

It is! but not enough info, no comeback (legal) when finding whats wrong with house

I live in scotland and have these but they are totally useless when buying!!!

I've found them to be really useful in my house hunting process. Especially the grading on each of the areas. And I'm pretty sure there is a level of legal comeback if the surveyor produces a report with incorrect information?

Hasbeen

scottishblondie wrote: »

The Home Reports in Scotland are actually very detailed - nothing like the HIPs in England.

Sorry total rubbish!! they give you a valuation and tell you all green indications, but no legal come back! they are great for surveyors because of money spent under law by home owner.

But to get proper report you still have to pay for independant advice/report

Surveyors getting paid twice, once for basic cursory !!!!report to satisfy stupid government law and then again for actual real legal report.

Hasbeen

scottishblondie wrote: »

I've found them to be really useful in my house hunting process. Especially the grading on each of the areas. And I'm pretty sure there is a level of legal comeback if the surveyor produces a report with incorrect information?

Sorry no legal requirement "please check" as it is not a full report!!!! only cursory and no legal requirement.

Why are you all falling for this !!!!

googler

The legislation for HRs clearly outlines the surveyor's duty of care to both the seller and buyer.

Before you try and convince us of your case... Have you read the actual legislation? Not the summaries on websites, but the actual legislation?

googler

Hasbeen wrote: »

Sorry total rubbish!! they give you a valuation and tell you all green indications, but no legal come back! they are great for surveyors because of money spent under law by home owner.

But to get proper report you still have to pay for independant advice/report

Are you suggesting that a surveyor will give you a more detailed report than the HR if you hire him as a buyer? In my estimation, if you want a more detailed survey, you have to commission a more expensive survey - and most buyers don't / didn't do this - even per-2008, when buyers got their own surveys, most just went for the basic mortgage valuation and 'cursory inspection' ... Didn't they?

scottishblondie

Hasbeen wrote: »

Sorry total rubbish!! they give you a valuation and tell you all green indications, but no legal come back! they are great for surveyors because of money spent under law by home owner.

But to get proper report you still have to pay for independant advice/report

Surveyors getting paid twice, once for basic cursory !!!!report to satisfy stupid government law and then again for actual real legal report.

Have you ever seen an actual home report? I've seen quite a few.

The only report you're going to get that is more detailed than a home report is a structural survey and someone in to test gas/electricity etc - which is not what the Home Report is meant to be.

I have one right here in front of me. It consists of:

• General information about the property inside and out, including construction materials and age, and the services available
• A report on the condition including structural movement, damp/rot/infestation, roofing, walls, rainwater fittings, windows, out buildings, outdoor areas, decoration, floors, internal joinery, fireplaces - complete with a grading to indicate any work the surveyor thinks needs done immediately
• Information on the accessibility of the property (including parking)
• A re-instatement cost
• A mortgage valuation
• An EPC
• A complete property questionnaire covering pretty much everything you could think to ask about including building work/alterations, planning, listed building status, communal responsibilities, rights of way, charges on the property...

Anyway, you get the idea. They contain masses of information, available right away before you've even taken time out of your life to view the property. I ruled out 3 or 4 properties based on the information in their home reports alone.

It is also stated on the report that the surveyor accepts responsibility for the contents of the report.

Of course you are free to disagree, but I think that they are very valuable to prospective buyers.

rpc

The home reports are far more detailed than the Scheme 1 survey that virtually every buyer went for in the days before home reports.

It is broadly equivalent to the Scheme 2 survey that was rarely used unless there were obvious issues.

The only thing more detailed would be a full structural report which is normally inapproriate and would only usually be obtained if another survey recommended it.