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HSBC Homebuyer Report Cost
isthisjustfantasy
Posts: 4 Newbie
Hi
I'm going through HSBC mortgage application for a house we've had an offer accepted on. The valuation is free - a homebuyers report is being quoted as £563.
I went through the same process around 12 months ago for a property - the prices for homebuyers (again through HSBC) was £250. So this quote is more than double.
The previous property value was 300K. This one is 380K so a little more, but the price increase seems pretty exorbitant?
A quick quote through localbuildingsurveyor.co.uk comes in at around £400 for survey (without valuation) to use a local firm.
Does anyone know how HSBC price their surveys and why this one would be so much more expensive?
Many thanks.
I'm going through HSBC mortgage application for a house we've had an offer accepted on. The valuation is free - a homebuyers report is being quoted as £563.
I went through the same process around 12 months ago for a property - the prices for homebuyers (again through HSBC) was £250. So this quote is more than double.
The previous property value was 300K. This one is 380K so a little more, but the price increase seems pretty exorbitant?
A quick quote through localbuildingsurveyor.co.uk comes in at around £400 for survey (without valuation) to use a local firm.
Does anyone know how HSBC price their surveys and why this one would be so much more expensive?
Many thanks.
0
Comments
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why are you limited to getting a homebuyers with HSBC, use your own preference. Also if they find something the lender will know, at least an independent one they won't know and not something they can put a retention on if you want to do it later"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
Ring 3or 4 local RICS surveyors and talk to them. Not just to get a price but to get an idea of how helpful they will be in interpreting the report they write etc.0
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Don't get your homebuyer report done by HSBC. It'll normally be done by a valuer with some knowledge of building surveying but often not enough.
Get in contact with an experienced, dedicated building surveyor instead.0
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