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Requested and paid for full structural survey...
Keith
Posts: 2,924 Forumite
A document titled "Home Buyers Report" has turned up.
Am I being stupid here, but aren't they two different things?!
Am I being stupid here, but aren't they two different things?!
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Comments
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Yes.
What does the content look like? How detailed is it?
See
http://www.rics.org/uk/knowledge/more-services/guides-advice/home-surveys/0 -
Without seeing one before, I'd say it was quite detailed on what it covers but doesn't follow up the comments but it is only 12 pages long0
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usually a homebuyers will have a valuation within it , whereas with a ful structural you have to pay extraNever, under any circumstances, take a sleeping pill and a laxative on the same night.0
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Spoken to First Direct, they all believe its a HB report. They are checking with the surveyors to see why its happened.
As the changes to the property have building regs, I'm not sure whether to press for the survey to be completed or ask for a refund.0 -
Definitely sounds like a home buyers report. Call your lender (or surveyor if you did it independently) when you can.0
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What did you pay?
Typically its;-
mortgage report & valuation - £200 - £400
homebuyer's report - £500 - £700 (inc cost of valuation)
structural - £800 +
In m y experience, you pay the lender for the valuation and the homebuyer's, while you pay the surveyor directly for the structural.
Many lenders will not get involved in a structural. They will do the basic valuation at your expense and tell you to find your own surveyor for a structural.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
It was £690, with First Direct paying £250 of it as product has free standard valuation and I paid the rest direct.
Although this webpage makes it look like i've also been overcharged! http://mortgages.firstdirect.com/pdf/mortgage-valuation-fees.pdf0 -
Fees are normally dependent on purchase price or estimated value. What's yours?I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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Our purchase price is £182,0000
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So it should have been in the range £173/£383/£575, with the £173 bit knocked off, leaving you to pay £402?I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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