survey as a cash buyer

tiger135

in the past ive bought property with a mortgage and the lender requires a survey to check they are lending on a decent property. 
as a cash buyer how do you go about doing a survey? is it totally up to the buyer, can they buy without one? 

propertyrental

Yes up to tbe buyer. If he wants one, search for RICS surveyor.

Or see here

https://forums.moneysavingexpert.com/discussion/6512478/survey-as-a-cash-buyer#latest

youth_leader

If it is your own money it is at your risk, you can decide to buy without one if you wish. 

user1977

tiger135 said:

is it totally up to the buyer, can they buy without one? 

Who do you think is going to stop you? The survey police?

You can buy without a survey if you want. You can buy without a solicitor if you want.

Doesn't mean either is a good idea, but it's entirely up to you how much professional help you engage.

theartfullodger

tiger135 said:

in the past ive bought property with a mortgage and the lender requires a survey to check they are lending on a decent property. 
as a cash buyer how do you go about doing a survey? is it totally up to the buyer, can they buy without one? 

You can walk on a tight-rope with your eyes closed......

AlexMac

theartfullodger said

You can walk on a tight-rope with your eyes closed......

 Hi Artful, I must have great balance, or be very lucky, as I’ve never instructed my own survey on any of the nine properties I’ve bought over the past 50 years. These dated from ones built in the early 19th Century to 1987. 

Never backfired on me (OK, I took my builder B in Law round the ‘87 one for some familial advice as I’m more familiar with Victorian piles than late 20thC ones). 

On one purchase, a hyper-cautious, risk/ averse Building Society surveyor got nervous about
 1. the Roof,
2. the Structural Integrity,  
3. Timber/Damp and (would you believe it)
 4. nearby Street Trees

of a tired Victorian house I was buying. He covered his 4r53 and recommended that I commission surveys on all four of these, at my own expense, before he’d approve a mortgage. But as it was obvious from the holes that the roof was shot and as the rest of the gaff (and the street trees) had been there without falling down for 90 years, I told him to go forth and multiply, and found another, less picky lender. Did it up, sold three years on and almost doubled my money. It looked great and is still standing 20 more years on, well past its centenary!  

So apply common sense?