Home Report Refresh and Retype

DottieDam

I've tried to contact our solicitor about this but getting them to answer the phone or email is tricky!

Our mortgage lender has asked for a refreshed home report before they can obtain a retype.

Home Report is over a year old so no big surprises there but I'm somewhat confused about who pays for this, us or vendor?! This wasn't stated in the missives that I have seen.

The sensible thing seems to go with the original surveyor - is this an actual requirement for a refresh?

Also, from a google is appears 'retype' means the lender will copy the valuation from the Home Report and put it on their own document?

We have already paid for a valuation with the lender so, will they have their own separate valuation done after the Home Report? Or are we potentially paying twice for the same thing? Or maybe we gave them £130 to copy + paste a value?

Argh, so confused so much of the time!

KnowledgeIsLife

Is there a reason you want a home report done if not I would tell your lender you don't want one done and ask them to just do the valuation for mortgage purposes or on affect your paying for a home buyers and for a valuer the lender uses to just retype your report.

davidmcn

The Seller almost invariably pays for the update, which will be from the same surveyor as the original. Some lenders will want their own valuation (or the Home Report surveyor might not be on the lender's panel) so potentially you could have a different surveyor going on behalf of your lender.

KnowledgeIsLife wrote: »

Is there a reason you want a home report done if not I would tell your lender you don't want one done and ask them to just do the valuation for mortgage purposes or on affect your paying for a home buyers and for a valuer the lender uses to just retype your report.

Home Report = sellers' survey/questionnaire etc for marketing properties in Scotland, not an optional thing.

KnowledgeIsLife

Yeah I thought she meant a home buyers report which isn't mandatory if it is indeed Scottish then i agree

DottieDam

davidmcn wrote: »

The Seller almost invariably pays for the update, which will be from the same surveyor as the original. Some lenders will want their own valuation (or the Home Report surveyor might not be on the lender's panel) so potentially you could have a different surveyor going on behalf of your lender.

Thanks! Sounds like I just need to keep trying the solicitor to pass on the message then. *sigh*

And two surveyors = double sigh.

DottieDam

KnowledgeIsLife wrote: »

Yeah I thought she meant a home buyers report which isn't mandatory if it is indeed Scottish then i agree

Ah no, sorry forgot to write Scotland somewhere in original post!

DottieDam

Mostly posting this in case anyone else has similar question (and to rant to make myself feel a bit better)

Solicitors (after 48 hours of not responding to emails and not picking up phone) finally picked up and told us this is an EA thing as they don't deal with Home Reports.

EA based in England and kept trying to send me the original Home Report. Finally got them to understand 'refresh' maybe but they are emailing someone else to figure it out.

So we are at an impasse for now.

MA realised we paid for valuation incorrectly so getting a refund there apparently.

Rather annoyed with solicitors as in offer letter it states supply Home Report suitable for lenders and in first missive from vendors solicitors they asked for that clause to be removed. No idea if they/we did as had no further correspondence! But this makes it seem like a thing we do via solicitors.

Thrugelmir

DottieDam wrote: »

EA based in England and kept trying to send me the original Home Report. Finally got them to understand 'refresh' maybe but they are emailing someone else to figure it out.

Do they market properties in Scotland normally?

MA realised we paid for valuation incorrectly so getting a refund there apparently.

Sounds like there's been miscommunication across the board!

DottieDam

Thrugelmir wrote: »

Do they market properties in Scotland normally?



Sounds like there's been miscommunication across the board!

Express Agency so yes but finding people who understand the words Home Report at their call centre is tricky. They seem to have a really fast turn over of staff as well!

Mortgage Broker also a call centre based in England who didn't spot error to being with.

There is a theme emerging ....

Thrugelmir

DottieDam wrote: »

There is a theme emerging ....

Certainly appears to be. Though unsurprising when you are dealing across different jurisidications. Where are your saolicitors based?

DottieDam

Thrugelmir wrote: »

Certainly appears to be. Though unsurprising when you are dealing across different jurisidications. Where are your saolicitors based?

Scotland! Although we struggled to get a local one because they weren't happy to deal with Express Agency in England and went with a larger firm that had the cheapest quote. Regretted it almost instantly, but c'est la vie!