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should i get a home buyer report!!

lotteblade
lotteblade Posts: 43 Forumite
in House buying, renting & selling
Hi All

i am first time buyer just wondering if i should have a home buyer report done ? or is it ok just to go with the mortgage valuer report (already paid for a damp, timber report)

thanks

Comments

  • kingstreet
    kingstreet Posts: 39,362 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    How much peace of mind do you want?*

    * Remembering the limitations/scope of the inspection/report.
    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.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Depends on

    * age of property
    * type of property
    * condition of property
    * your self-confidence in assessing a property's condition yourself
    * whether you have friends/family who can assess
    * your attitude to risk/gambling
    * whether you have a sinking fund for unexpected post-purchase costs

    etc
  • Building_Surveyor
    Building_Surveyor Posts: 668 Forumite
    The extra few hundred on a HBR could save you thousands...or without it could equally lose you thousands. Is that a risk you are prepared to take? Only you know the answer to that.
    An opinion is just that..... An opinion
  • pinkteapot
    pinkteapot Posts: 8,044 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Friends of mine didn't bother getting a HBR. Moved in and found the roof leaked. It's a few hundred pounds on the biggest purchase you'll ever make. I would always do one.

    On the house we're buying, our HBR picked up that the en-suite window wouldn't open and as there's no extractor it meant there was no ventilation. The windows were only fitted three years ago so we then had the owners get the window company back to fix it. Minor thing but would have been a pain when we moved in (plus we have to pay if we want the remainder of the window warranty transferred to us).
  • cloo
    cloo Posts: 1,291 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    I'd say it's money well spent. It's unlikely anything dreadful will come up, but certainly there may be things worth negotiating about.
  • EMcG
    EMcG Posts: 160 Forumite
    Part of the Furniture Combo Breaker
    Recently paid for one and the report and discussion with the surveyor resulted in me pulling out of the deal. Found a far better place now. Money very well spent in my case.
  • asharon
    asharon Posts: 1,226 Forumite
    Part of the Furniture Combo Breaker
    I would get one!!
    Nice to save.
  • lotteblade
    lotteblade Posts: 43 Forumite
    Decided to get one as already found out property requires new wall ties & damp proof course! Don't want any more surprises :) thanks all
  • lotteblade
    lotteblade Posts: 43 Forumite
    EMcG wrote: »
    Recently paid for one and the report and discussion with the surveyor resulted in me pulling out of the deal. Found a far better place now. Money very well spent in my case.

    Gives me hope to find a new property if everything goes up in the air :)
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    lotteblade wrote: »
    Decided to get one as already found out property requires new wall ties & damp proof course! Don't want any more surprises :) thanks all
    Sounds like a full structural survey might be worthwhile, rather than just the more limited HBR.
This discussion has been closed.
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