All potential buyers pay for a survey

bullinn1

Hi chaps, looking at moving in the new year and during my research into what I need to do and budget for I've just added survey fees, someone mentioned that ALL potential buyers have to get a survey .... so if it's a "popular" could it be that there will be a line of surveyors all charging for a survey ?

csgohan4

You need to make sure you research which firm is reliable to use, and avoid estate agent Surveyor as they won't be independant

Davesnave

People don't 'have to get a survey,' and most would wait till their offer was accepted before commissioning one, so no, the scenario you outline probably wouldn't happen.

bullinn1

Thanks Dave ... but if someone has had a survey it's not available to anyone else ? ... pity really seems silly to have to go through the process again. Oh well the way of the world.

marksoton

rogertb wrote: »

Thanks Dave ... but if someone has had a survey it's not available to anyone else ? ... pity really seems silly to have to go through the process again. Oh well the way of the world.

If i pay for a survey it's for me, no one else.

If i haven't paid for the survey why would i trust it. It's not mine....

SparksAlive

You don't order a survey until your offer on a property has been accepted, so there's not going to be a line of people waiting to survey a particular house. If a buyer falls through then obviously the next person will also need their own survey, but the buyer pays for the survey and decides what level of survey they want, so if you're the one selling the house it won't make much difference to you or your budget.

agrinnall

rogertb wrote: »

Thanks Dave ... but if someone has had a survey it's not available to anyone else ? ... pity really seems silly to have to go through the process again. Oh well the way of the world.

Which is one of the reasons why the system changed in Scotland so that the seller commisions a Home Buyers Report that is made available to potential purchasers. It's fairly basic so some people may still want to pay for their own more detailed survey, but it does include the valuation required by a mortgage lender.

A similar system was trialled in England for a few years but ultimately abandoned when the Coalition government came into office in 2010.

https://en.wikipedia.org/wiki/Home_Information_Pack

Surrey_EA

agrinnall wrote: »

Which is one of the reasons why the system changed in Scotland so that the seller commisions a Home Buyers Report that is made available to potential purchasers. It's fairly basic so some people may still want to pay for their own more detailed survey, but it does include the valuation required by a mortgage lender.

A similar system was trialled in England for a few years but ultimately abandoned when the Coalition government came into office in 2010.

https://en.wikipedia.org/wiki/Home_Information_Pack

Although it was part of the original proposals, when the came into effect for a few brief years the Home Information Pack never included a valuation or a survey.

The theory behind the HIP was good, just rather poorly executed.

bullinn1

Pity it didn't happen, seems to make sense to have one 'hip' or whatever, a bit like the energy thingy that the vendor needs to buy and is available to all parties ...

googler

rogertb wrote: »

Pity it didn't happen, seems to make sense to have one 'hip' or whatever, a bit like the energy thingy that the vendor needs to buy and is available to all parties ...

Move to Scotland.

bullinn1

Ahhhh Edinburgh ... the home of 'Bellhaven' bewery.