Which survey on NewBuild ?

csharma84

Hi

We have reserved a newbuild house and are in the process of sorting the mortgage, etc. We think we need to get a survey done on the house but not sure if this is normal.

I have read the information on the RICS website and it talks about the 3 types of surveys, each of varying levels of thoroughness. The house is built but is still being wired/plastered. Is there any point getting the more detailed surveys done with the house in this state?

We have to exchange contracts by end of January and the house will be ready to move in end of March. If we wait until the house is ready, it will be too late as we will have already exchanged.

I am thoroughly confused!

somethingcorporate

Any mortgage conditions associated with the survey?

We went for a homebuyers survey (the middle one) when we bought our new build last year.

Assuming you are covered by a warranty like on most new builds then probably no reason to splash out on a full structural which is very expensive.

csharma84

No there are no mortgage conditions.

Should we get the survey done before exchange of contracts? Will they be able to do the full homebuyers survey before the house is complete?

Thanks!

chanz4

you cant get the mortgage until ones done, don't waste your money go for the basic survey

csharma84

The lender has already done their "survey" for valuation purposes. I want to get one done, just not sure when to do it.

chanz4

whats the point, it will be covered by NHBC

lee111s

Save your money.

csharma84

I did consider that. But I'm worried that if after 5 years we want to sell and the buyer does a survey which identifies issues, I'll be stuck with a property for a while until the NHBC fixes the issues. So I'd rather have the survey done so I can get these things fixed now rather than later.

kingstreet

You should employ a snagging surveyor to do a snagging report when the property is finished.

A standard homebuyer's report isn't suitable for this purpose.