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Glasgow: does home report valuation set the max you would ever get for your home?

ellie27 · 2014-08-06 12:21:15

Surveyor out this morning to carry out the home report. I had my solicitor arrange the surveyor to come. My solicitor had asked me last week if we know any sold prices etc and I told him my neighbour, exact house, sold for x and his home report valuation was y. Today, I asked the surveyor his valuation and he mentioned the…

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googler Posts: 16,103 Forumite

6 August 2014 at 7:36PM

There's no such thing as a 'lapsed' Home Report, and no requirement for any 'rolling refresh' every 12 weeks.

IF a property sells after more than 12 weeks, the buyer's lender will typically ask for the HR to be refreshed, but this only happens once an offer has been accepted. This is based on guidance from the Council of Mortgage Lenders (CML), and doesn't form any part of the HR legislation.

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