Surveyor anger!

jibbyboo

ILW wrote: »

So if you are satisfied with their knowledge and experience that the place is sound, why worry about the valuation surveyor?
Or am I missing something?

Because they are not surveyors who conduct this work on a day-in-day-out basis, and are therefore experts in their field. What may have been missed by my people may have been spotted by him. Additionally, if the things that my people initially queried and then realised were fine were also spotted by the surveyor, I would have had confidence that I wouldn't need to instruct an additional survey.

Jellybean_Jo

jibbyboo wrote: »

That is concerning, as I've been informed by the mortgage provider and the surveying company that I should be informed about any basic problems that were noted during the valuation.

Additionally, my uncle (a surveyor, but not a home surveyor so could only provide limited advice) said that the surveyor would have a duty of care to report anything that looked like it would be an issue.

Is this incorrect??

You will be informed; their version of a 'basic problem' being whether or not the valuation meets your purchase price. If it doesn't, you will be informed.

jibbyboo

Jellybean_Jo wrote: »

You will be informed; their version of a 'basic problem' being whether or not the valuation meets your purchase price. If it doesn't, you will be informed.

Is that the case even when I have access to the report?

martinsurrey

jibbyboo wrote: »

Is that the case even when I have access to the report?

yes

the valuation report is one side of A4, it has tick boxes for condition of walls (good average poor) and a few other basic things and few boxes for the valuation.

its a very basic thing and will gve you nothing you dont already know (if you have eyes).

Jellybean_Jo

The report really won't tell you anything more than that. It will basically just give an estimated cost of rebuild for buildings insurance purposes, and tell you whether or not they think it's worth what you're paying for it. It really isn't much of an exaggeration that the surveyor won't have gotten out of his car. They don't need to enter the property to complete the valuation.

jibbyboo

OK thanks Jellybean and Martin. I'll see what it comes back with when it arrives I suppose!

G_M

jibbyboo wrote: »

That is concerning, as I've been informed by the mortgage provider and the surveying company that I should be informed about any basic problems that were noted during the valuation.

Is this incorrect??

If the Valuation comes back lower than the purchase price, and the mortgage lender therefore reduces or withdraws the amount they will lend you, they may tell you why ("It appears the roof was missing and would need £25K to be replaced")

If the Valuation is sufficient for the lender to be happy their money (your mortgage) is safe, that's about all you'll get. They won't care, or tell you about, the maintenance issues outstanding that will cost YOU money but not significantly affect the value of the structure.

as said by someone else, often the surveyor drives by. He knows the rough value of houses of that size/type in that street - takes a quick look from the car ("yes, roof in place; Yes, looks reasonably OK; Seems fine for a loan of £XK") job done.

He does 4 or 5 of those in a single morning.....

Fizzymartini

nakiwala123 wrote: »

It seems to be that even with a HomeBuyers the surveyor might not be too receptive either. We paid for a Homebuyers Report to be conducted next week on Tuesday. DH called today to try and see if he or I could be present to ask any questions during the survey and they came across as not very keen on that idea. Like they don't want to be watched while they are doing their job!

Exactly the same here. I'm having a Homebuyers Report next week too. Both the bank (organising the survey) and the panel had said it should be fine to meet the surveyor for a summary after the inspection (I didn't want to be in their hair for the whole thing), but I was told by the firm themselves upon payment that they would not do this, as "the surveyor will have appointments straight afterwards. If you have any questions after you get the report, you can just call to discuss".

Racml34

Ours came back highlighting issues of damp and electrics but only because the surveyor recommended a retention based on that. He then recommended we get a full damp and electric survey.

It was very basic and just really said it was worth what we've offered and mentioned that the lack of parking may make the property less desirable than others when we come to sell it!

However as it was a valuation survey we did not expect any more than this.

jibbyboo

Racml34 wrote: »

Ours came back highlighting issues of damp and electrics but only because the surveyor recommended a retention based on that. He then recommended we get a full damp and electric survey.

It was very basic and just really said it was worth what we've offered and mentioned that the lack of parking may make the property less desirable than others when we come to sell it!

However as it was a valuation survey we did not expect any more than this.

That's more descriptive than some people have suggested though ie making their assessment whilst sitting in the car! So did you then have to pay for further inspections?