Surveyor anger!

pelirocco

jibbyboo wrote: »

I would like to say a huge thank you to everyone that has supplied helpful and proactive answers to my problem, or supportive posts - even those who disagree with my argument, it helps to have the additional information.

Extremely disappointed to see so many defensive and accusative posts however. I was under the impression this forum was for support and queries.

It is a forum for support and queries


However if you want a forum where people agree with everything you say , let us know if you find one

jibbyboo

pelirocco wrote: »

It is a forum for support and queries


However if you want a forum where people agree with everything you say , let us know if you find one

As I mentioned, even people who don't agree but provide constructive comments is helpful. It's when people are attacking and accusative that I am surprised with.

jibbyboo

pelirocco wrote: »

It is a forum for support and queries


However if you want a forum where people agree with everything you say , let us know if you find one

As I mentioned, even people who don't agree but provide constructive comments is helpful. It's when people are attacking and accusative that I am surprised with.

Strapped

ILW wrote: »

The surveyor may well have done the valuation without even getting out of his car.

Yes, strongly suspect that most valuations are done this way.

kingstreet

They aren't.

In my experience, 28 years as an estate agency adviser and broker, the hierarchy is as follows;-

purchase case - inspection
remortgage at high loan to value - inspection
remortgage at low/medium loan to value - drive-by
remortgage at low loan to value - desktop
product transfer - desktop with drive-by or inspection option at borrower's expense.

jibbyboo

If the surveyor did just look out of his car window, I'll be very irritated that I had to fork out £300! Here's hoping that's not the case.

lessonlearned

OK to muddy the waters just a little more.

Lender's Valuation - at the lender's insistence.
Homebuyer's Report - optional - a middle way
Building Survey - optional - the Full Monty - recommend for older properties or one which might have "issues". (Moody lot these older properties:rotfl::rotfl:)

Not one of the above is a structural survey. If you need a structural survey you need to engage a Structural Engineer. You would need one if for example an extension looked a bit ropey, external walls were bulging, there was evidence to suggest subsidence.

A survey may flag up issues which may need further investigation, gas safety report, electrical inspections, damp specialist reports, woodworm investigations, dry and wet rot, rodent or insect infestations .......and so on.

What kind of survey you instruct largely depends on the kind of property you are buying, what age, method of construction, any unusual materials used.

Of course it may also depend on your attitude to risk.

I have just paid for a full building survey £385, plus of course the Mortgage Valuation which is another £225.

Should I have saved myself the £385 - I don't think it's worth the risk.

If the survey is dire and flags up too many nasties meaning I have to withdraw from the sale I won't take the view that I have "wasted" my £385. I will pat myself on the back for saving tens of thousands and a lot of grief.

barrow1956

My house is on the market for £182,950 i accepted an offer for £178,000 .The buyers surveyor has been from ESURV . and valued it at £165,000 we are so angry .We have a survey from 15 months ago saying the property is worth £180,000 This survey has been sent along with some property comparables to ACCORD mortgages to go to a panel to see if they will adjust it has anyone been in this situation and had a good out come very worried people .

Soot2006

barrow1956 wrote: »

My house is on the market for £182,950 i accepted an offer for £178,000 .The buyers surveyor has been from ESURV . and valued it at £165,000 we are so angry .We have a survey from 15 months ago saying the property is worth £180,000 This survey has been sent along with some property comparables to ACCORD mortgages to go to a panel to see if they will adjust it has anyone been in this situation and had a good out come very worried people .

Probably better to start your own thread on main page:
http://forums.moneysavingexpert.com/forumdisplay.php?f=16

jibbyboo

@barrow1956 that's who did my valuation, and the reviews I've read for E-Surv have been largely negative about the way they have conducted their surveys and the results provided.