Homebuyers Report- gave wrong information

Siobhan_Shelley

I had a RICs Homebuyers Report completed as part of my house purchase in 2010. The report stated that the extension section of the house was cavity wall. I have now had a cavity wall surveyor out who has said that the extension is actually solid wall.

This has greatly increased the anticipate repair fees by several thousand and I was wondering if anyone had any advice/experience on the reliance of the information provided in the report.

Thanks Siobhan

dc197

Regarding complaining to the original surveyor:
Would you have offered less for the house if your report had said that it's solid, not cavity? If yes then this is the only amount you can argue over. If you would not have revised your offer having seen this information, you don't really have much of a case.
I suspect that you would have little comeback over a report that is 6 years old and which is full of !!!!-covering caveats.

What is your cavity wall surveyor looking at? What is the issue you want to repair?

dc197

Removed - duplicate post

PasturesNew

As a general rule, the Homebuyers' Report's not really of much use for an owner to go waving around and shouting "Oi, that was rubbish".

As a general rule, a Homebuyer's Report is what the mortgage company get you to pay for so they can establish "is this place pretty much OK? Will it still be standing in years to come? Or is this likely to be a problem that we'd lose money on if we ever repossessed it?"

Whether that wall was solid, or cavity, probably won't have changed their mind about lending to you. There's really "no difference" in structural integrity between the two, so it'd still be standing in X years.

You'd have not changed your mind about buying it, probably, based on one wall -v- another type.

Both are common wall types .... so, on balance, forget it.

Dan-Dan

I have never wasted as much money as i did when i paid £450 + vat for a homebuyers 3 years ago, christ if only i`d have known i could have done it myself

stator

PasturesNew wrote: »

As a general rule, the Homebuyers' Report's not really of much use for an owner to go waving around and shouting "Oi, that was rubbish".

As a general rule, a Homebuyer's Report is what the mortgage company get you to pay for so they can establish "is this place pretty much OK? Will it still be standing in years to come? Or is this likely to be a problem that we'd lose money on if we ever repossessed it?"

Whether that wall was solid, or cavity, probably won't have changed their mind about lending to you. There's really "no difference" in structural integrity between the two, so it'd still be standing in X years.

You'd have not changed your mind about buying it, probably, based on one wall -v- another type.

Both are common wall types .... so, on balance, forget it.

Not really. a Home Buyer's report is for the buyer, not the lender, although it also includes the valuation for the lender.
Often the lender will say they don't even look at the home buyer's report, or they will ask you to make contact with the surveyor and sort it out between you.

I don't think you have much of a case regarding the wall. Why is a solid wall more trouble than a cavity wall? I can't see that it seriously affects the value of the house unless it has a defect the surveyor should have spotted.

adonis10

Dan-Dan wrote: »

I have never wasted as much money as i did when i paid £450 + vat for a homebuyers 3 years ago, christ if only i`d have known i could have done it myself

Would you have gone for a full survey instead or nothing at all?


I'm still grappling with the want to know the ins and outs v money for old rope dilemma.

Dan-Dan

adonis10 wrote: »

Would you have gone for a full survey instead or nothing at all?


I'm still grappling with the want to know the ins and outs v money for old rope dilemma.

nothing at all based on the house being mid 70`s, if i were buying something 100+ years old i would pay for a full structural

I have paid for a building survey on a house i am buying now but only because im the other end of the country

adonis10

Dan-Dan wrote: »

nothing at all based on the house being mid 70`s, if i were buying something 100+ years old i would pay for a full structural

I have paid for a building survey on a house i am buying now but only because im the other end of the country

Fair point. Mine is 1930's so probably a good idea to get a survey. When you say "full structural", do you mean more than a building survey, or using the terms interchangeably?

Dan-Dan

The one up from a homebuyers

sourced from here http://www.rics.org/uk/knowledge/glossary/building-surveying/