Estate Agents doing us over ?

robatwork

bris wrote: »

No point getting one from any where else as it will just be ignored, why pay twice?

Well it's already been explained but just to expand on this, many lenders will offer a free valuation or perhaps charge £95. They then offer a homebuyer's survey for £775 like the OP here.

You can just say no, spend £400 on your own more comprehensive building survey, and save a few hundred quid too.

babyblade41

So you love an old house, perfect for your long term plans.. you ask the relevant questions as it was under offer previously

EA tells you the previous buyer couldn't get funding .. I think EA was very helpful in your favour.

Forget about who offered what , when and where and make an offer that is acceptable to you and hopefully the vendor and is also acceptable t a lender

If valuation and SS comes back relatively positive then you can proceed .

In my neck of the woods being rural some EA put on the RM listing "cash buyers only "as it maybe beyond what most lenders would be happy with .. This saves so much time.

I was looking at a property that was on my list to view once I'd accepted an offer on mine and that was cash offer only

I'm not very up to date with costs etc so not sure if the amount you say you paid for the report is on par but all part and parcel of falling in love with a property... time, money and emotion spent

AdrianC

Do we even know that the ex-buyer told the EA the truth about why they were pulling out?

Maybe they just said "Our mortgage has been refused". No more than that.

I'm very surprised that structural surveyors are "refusing" to survey the property purely off the back of a quick look at somebody else's HBR. I'm not even sure why they'd need - or want - to see that HBR. They'll get commissioned, go to the property, look at the property, write up what they saw. Get paid. End of.

wantonnoodle

AdrianC wrote: »

I'm very surprised that structural surveyors are "refusing" to survey the property purely off the back of a quick look at somebody else's HBR. I'm not even sure why they'd need - or want - to see that HBR. They'll get commissioned, go to the property, look at the property, write up what they saw. Get paid. End of.

When we bought a couple of years back, the valuation flagged queries with the brickwork above 3 windows, cavity wall tie condition and possibility of general movement of the building. Lender as a result wouldn't proceed until they'd seen a structural survey. When we commissioned the structural survey, all the surveyors we spoke to wouldn't go in until they had had sight of the valuation report, to ensure that they were checking the appropriate areas the valuing surveyor had flagged. So it isn't surprising to me that they would require sight of the HBR. I would suggest they refused to go in as they can clearly tell the difference between a surveyor covering his own back and where he is being honest and open about the truth and realised they would likely be writing an almost identical report.

Not_Radio2

If I'd paid for my Homebuyers Report and then not proceeded to buy the property, I'd have been well annoyed at the Estate Agent if they dared ask me for copy as another prospective buyer had requested it. Cheek to even suggest it IMHO.

Slinky

Not_Radio2 wrote: »

If I'd paid for my Homebuyers Report and then not proceeded to buy the property, I'd have been well annoyed at the Estate Agent if they dared ask me for copy as another prospective buyer had requested it. Cheek to even suggest it IMHO.

We were asked by an EA if we would sell our survey to the next people to offer on the house we pulled out of purchasing. We offered it to them but pointed out the survey was for us and the surveyor disclaimed liability to anybody but us, so they didn't buy it in the end.


The reason we pulled out had nothing to do with the survey. We'd quite liked to have got some money back!

parkrunner

mustoofa wrote: »

So we get a Homebuyers report, we pay 777£ . the report is pretty damning and our lender won't give us the mortgage until we get a structural survey done. Ive called at least 3-4 structural survey companies and they 'decline' to do the survey after seeing the homebuyers report.

That's the bit I don't understand. Why wouldn't they do the survey as they get paid regardless of the results, what am I missing?

Thrugelmir

mustoofa wrote: »

So we get a Homebuyers report, we pay 777£ . the report is pretty damning and our lender won't give us the mortgage until we get a structural survey done. Ive called at least 3-4 structural survey companies and they 'decline' to do the survey after seeing the homebuyers report.

What major issues have been flagged?

martin1959

mustoofa wrote: »

Because to put an offer on a house, you would need to provide a Agreement In Principal - so apparently he did have funding then, but then got refused...just like us.

Unfortunately, an AIP is not worth the paper it is written on. I can go online and get an AIP for £200,000 by simply exaggerating my income. Only when I actually apply, after the offer has been accepted, do I have to produce income verification.

mustoofa

Dear All,
Many thanks for your involvement earlier.


So this is what happened :

We asked 6 other "chartered building surveyors"...in addition to the 3 we asked previously and they ALL denied to do the survey. Finally, i found one through checkatrade.com who agreed to do the survey for 730£ inc VAT. So we went for it.
After seeing their report, as others have mentioned, it was a TOTAL waste. All he did is photographed all issues and put comments under them. Fairplay to them as they just did the job they were hired for.
And after that - The Lender Agreed ! Nothing new was found !



We are in the process with completion nearing soon. We even got the price reduced to take into account the repairs for damp and rot discovered.


Overall, the EA has been helpful and i think we misjudged them.



Many Many thanks for your previous posts.


Regards