Structural movement

getinmyselfoutadebt

Does anyone have any advice for me please.

We have our valuation survey back, we only went for the cheapest standard valuation. Its a 3 bed detached house just over 100 years old. One thing thats worrying me is the question on subsistence/structural damage.
It says is the property visibly affected by movement? YES.
Is the movement long standing and non progressive? YES
is the movement likely to be progressive NO
Is saleability affected NO
Is a structural engineers report required NO

Is this really bad and should i get a full structural survey done?

Thanks

davidmcn

getinmyselfoutadebt wrote: »

We have our valuation survey back, we only went for the cheapest standard valuation. Its a 3 bed detached house just over 100 years old. One thing thats worrying me is the question on subsistence/structural damage.
It says is the property visibly affected by movement? YES.
Is the movement long standing and non progressive? YES
is the movement likely to be progressive NO
Is saleability affected NO
Is a structural engineers report required NO

Is this really bad and should i get a full structural survey done?

No, that's why the last three questions are answered "NO"!

It's moved. It's stopped moving (possibly 100 years ago). It's a pretty standard response for older properties.

getinmyselfoutadebt

Thank you, ive just noticed at the bottom of the report it says "intending purchasers should note that the lender does not warrant that the purchase price is reasonable. They should carefully consider whether a more detailed inspection and report should be obtained on their own behalf". Well this has totally confused me does this mean that they dont agree with the price we are paying? The property is 175k but we are putting 35k deposit. Theyve gave us the mortgage offer.

G_M

They are not commenting on the price you are paying. They don't care - it's your decision and your problem, not theirs.

all they care about is whether the value is equel to or greater than what you are borrowing.

ie if you stop paying the mortgage and they repossess and sell the property, will they get back what they lent?

They are simply warning you that the price you pay is up to you hence they do "not warrant that the purchase price is reasonable."

davidmcn

getinmyselfoutadebt wrote: »

ive just noticed at the bottom of the report it says "intending purchasers should note that the lender does not warrant that the purchase price is reasonable. They should carefully consider whether a more detailed inspection and report should be obtained on their own behalf". Well this has totally confused me does this mean that they dont agree with the price we are paying?

It means the surveyor has spent 10 minutes wandering around the house checking that it hasn't actually fallen down yet, and has valued it on the assumption that there wouldn't have been any surprises if he had looked in the loft etc. If you want someone to spend some more time poking around and giving you more detail (and a report that you can rely on rather than merely for the benefit of your lender), you need one of the more detailed varieties of survey.

getinmyselfoutadebt

ok thank you. So they would put this on the bottom of everyones valuation

getinmyselfoutadebt

Any tips where i can get a reputable surveyor

Cakeguts

You paid for the cheapest option which is basically for the benefit of the building society or bank. If you want to know what you are likely to have to repair or detail of what is wrong with the property then you need to get a more expensive and more detailed survey. Basically what you are doing at the moment is thinking of spending £175K on something that you aren't going to check properly. If you have to use the cheapest survey it could be argued that you can't afford to buy a house. There are likely to be more problems and potential problems with something 100 years old. don't you want to have an idea of what they might be?

G_M

getinmyselfoutadebt wrote: »

ok thank you. So they would put this on the bottom of everyones valuation

Yes.

Any tips where i can get a reputable surveyor

http://www.rics.org/uk/find-a-member/?sd=y&cc=GB&fn=&ln=&ct=