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Is a homebuyers report worth paying for?

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For a house between 5 and 10 years old, is a homebuyers report worth paying for?

Comments

  • gazter
    gazter Posts: 931 Forumite
    Tenth Anniversary Combo Breaker
    For a house between 5 and 10 years old, is a homebuyers report worth paying for?

    As a means to negotiate down your offer, it might be worth it...
  • Tozom
    Tozom Posts: 40 Forumite
    Ive been considering the same thing. I am going to see how much detail the mortgage providers survey goes into and might just use that. Our house is 7 yrs old and weve been living in it for 5 by renting it.
  • Tozom wrote: »
    Ive been considering the same thing. I am going to see how much detail the mortgage providers survey goes into and might just use that. Our house is 7 yrs old and weve been living in it for 5 by renting it.

    From the mortgage company you will get little more than either yes we are happy to lend you the money or we are only prepared to lend you x amount.
    Now buying our second house:
    Accepted offer 16/12/18. Offer accepted 26/1/19. Buyer pulled out 4/2/19. Accepted new offer 13/2/19

    FTB: Offer accepted 23/2/2013 Mortgage application 28/2/2013 Valuation: 4/3/2013 Valuation ok 15/3/2013 Mortgage Offer 21/3/2013 Exchange 10/4/2013 Completion 26/4/2103
  • StevenMarks
    StevenMarks Posts: 268 Forumite
    Nationwide offer free basic valuation and the homebuyer survey is available for only £250 more so opted to go for that.
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