Survey fees question

pickles13

We have had a mortgage agreement in principle and have paid the lender £570 for the survey. The survey has not taken place yet as our seller hasn't found anywhere to buy herself, so we have held off on everything. However, our 2 year fixed rate deal starts at the time of the agreement in principle, so if she doesn't find anywhere for a while, this is eating into our deal time. My questions are;

If we were to find another house, would the offer still stand (provided it's the same value) and would this survey fee have to paid again or does the first fee cover it since we haven't actually had a survey done yet?

If, by the time she does find a house, we think that the time left makes it more worthwhile to find a new deal, either with the same lender or another, would we get that money back?

Thanks.

Toptom1

You would still have the morgage in principle but you would need to do a survey again as the morgage lender will want to know if the house is what it is and will they get there money back.

pickles13

Thank you. The survey has been paid for on the current house we are trying to buy but has not been booked or completed yet. I was wondering if I would get my money back on this.

samba

I had my survey done last week and was trying to hold off too (but seller didn't want to play along so arranged it with the surveyor), and I asked my surveyor (countrywide) this question - they replied that if the survey didn't take place for whatever reason I would get a refund.