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Issues with valuer?

13

Comments

  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Unicorn_cottage said:
    @NameUnavailable - I am not saying the valuer's opinion is wrong. I am saying it is questionable and therefore was looking for advice preferably helpful.
    I do miss the days when this forum was helpful and gave meaningful advice.
    Maybe you're not getting answers you'd like to hear, but I don't see anything unhelpful or inaccurate about the advice you've been given.
  • NameUnavailable
    NameUnavailable Posts: 3,030 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Unicorn_cottage said:
    @NameUnavailable - I am not saying the valuer's opinion is wrong. I am saying it is questionable and therefore was looking for advice preferably helpful.
    I do miss the days when this forum was helpful and gave meaningful advice.
    Seriously? What exactly is unhelpful about suggesting you have a structural engineer or surveyor look at the property to see whether or not the lenders valuers comments are justified?
    You must think they're wrong by definition, surely, if you're looking to challenge their opinion?

  • Unicorn_cottage
    Unicorn_cottage Posts: 879 Forumite
    Fifth Anniversary 500 Posts Name Dropper Photogenic
    @davidmcn & @NameUnavailable - how can you give advice if you have never challenged a valuer's findings or know anything about the process? Absolutely unbelievable what this forum has become.
    "Everything comes to him who hustles while he waits" Thomas Edison
    Following the Martin mantra "Earn more, have less debt, improve credit worthiness" :money:
  • NameUnavailable
    NameUnavailable Posts: 3,030 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Jolly good. Carry on.
  • Unicorn_cottage
    Unicorn_cottage Posts: 879 Forumite
    Fifth Anniversary 500 Posts Name Dropper Photogenic
    NameUnavailable said:
    Jolly good. Carry on. 
    Yet another example of how unhelpful & sarky this forum has become. 
    "Everything comes to him who hustles while he waits" Thomas Edison
    Following the Martin mantra "Earn more, have less debt, improve credit worthiness" :money:
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Unicorn_cottage said:
     Absolutely unbelievable what this forum has become.
    Facebook is a better medium if you simply want to rant and find people to reaffirm your viewpoint. 
  • Unicorn_cottage
    Unicorn_cottage Posts: 879 Forumite
    Fifth Anniversary 500 Posts Name Dropper Photogenic
    Thrugelmir said:
    Unicorn_cottage said:
     Absolutely unbelievable what this forum has become.
    Facebook is a better medium if you simply want to rant and find people to reaffirm your viewpoint. 
    *Sigh* It's well known that bullying is rife on these forums. Thanks for your words of support @Thrugelmir . Am simply asking if anyone has experience of challenging a valuer's findings. You don't so why the coven continue to circle I do not know.
    "Everything comes to him who hustles while he waits" Thomas Edison
    Following the Martin mantra "Earn more, have less debt, improve credit worthiness" :money:
  • Kaz1000
    Kaz1000 Posts: 26 Forumite
    10 Posts
    We had a cash buyer get a survey done through countrywide. The surveyor was a young lad in his 20's and guess what, he gave a horrible report and our sale fell through. We purchased the property less than 2 years and have a survey done by the bank who provided the mortgage on our property and therefore were confident in the structure of our home. Go onto trust pilot and see the company that did your survey and you will be surprised to see their word is not gospel truth especially if it is a standard homebuyers survey. I would pay for an independent survey and use it for your own peace of mind and challenge the bank or look for another mortgage lender. You have to remember that surveyor won't have a job if they showed everything is perfect in a home even if it is. I've learned it the hard way.
  • Unicorn_cottage
    Unicorn_cottage Posts: 879 Forumite
    Fifth Anniversary 500 Posts Name Dropper Photogenic
    @Kaz1000 - many thanks for your helpful reply. We paid for a full structural survey which took place this week. We haven't got the full report as yet but the surveyor did give us a call to put us out of our misery. Guess what?! No structural issues. Yes the floors need renewal but the house is not falling down. Am going to submit the survey when it comes through and hope that they will see sense! So wrong that valuers can scupper a sale based on incorrect information causing stress for everyone concerned!
    "Everything comes to him who hustles while he waits" Thomas Edison
    Following the Martin mantra "Earn more, have less debt, improve credit worthiness" :money:
  • lookstraightahead
    lookstraightahead Posts: 5,558 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Combo Breaker
    edited 5 March 2021 at 2:21PM
    We are hopefully buying a 1860s house. We had a full structural survey even though we got our mortgage (big deposit). We have a 50 page report which is extremely useful, and we have a structural engineers report that the vendor gave us.
    Why on earth would you buy an old house without all of this information just by looking at it and saying nothing is wrong? Unless you actually are a builder/surveyor/engineer, how can you possibly know what is wrong with such an old house? 

    your call, of course, but the mere fact that you were questioning whether to actually have a survey on such an old property, without being in one of those trades, is a bit naive, surely?

    Maybe the lender doesn't think they LTV ratio is worth the risk - would be interested to know what your report says when you get to read it yourself.
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