Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • mangog
    • By mangog 14th Apr 18, 12:49 AM
    • 29Posts
    • 15Thanks
    mangog
    Countrywide Survey
    • #1
    • 14th Apr 18, 12:49 AM
    Countrywide Survey 14th Apr 18 at 12:49 AM
    Hi all,

    I'm hoping to get some advice as a first time buyer. We've had our offer accepted and have applied for a mortgage with Nationwide through an independent advisor. As part of the process we were offered the option of having a home buyers' report done by Nationwide's contracted surveyors at a reduced cost. This rang alarm bells with me immediately because I'm suspicious of any kind of 'special offer' (my first thought was 'what's the catch?') so I asked our advisor who exactly would do the survey. He said he didn't know but it would be from the lender's list of preferred surveyors. He seemed to think it was a good deal so I brushed my concerns aside and we said we'd go ahead with the survey, assuming it would speed up the process. This was on Wednesday. Today we received a text saying Countrywide had been instructed to undertake the survey and we need to give them an email address to send the terms and conditions too. I could have slapped myself at this point for not listening to my gut - I was warned specifically to avoid Countrywide at all costs by a friend who works in property and whose advice I very much value. So I am now wondering what our options are, as we haven't paid for anything or signed any paperwork.

    My question is: can we cancel Countrywide's survey and book our own with a trusted local company, and could this affect our mortgage offer with Nationwide or hold up the process in any way?

    Thanks for any advice you can offer, and apologies if any of this seems obvious. As first time buyers we just don't know what our options are!
Page 1
    • kingstreet
    • By kingstreet 14th Apr 18, 8:51 AM
    • 33,351 Posts
    • 18,042 Thanks
    kingstreet
    • #2
    • 14th Apr 18, 8:51 AM
    • #2
    • 14th Apr 18, 8:51 AM
    Countrywide is Nationwide's panel manager so there was a 75% chance they would get the business, unless they were short of cover in this area.

    If you go back to Nationwide and ask them to carry out only the basic mortgage report & valuation, Countrywide will do that so you aren't going to get them completely out of the picture.

    In my experience Countrywide Surveyors are little different to any of the other corporates, ESurv, Connells, L&G Surveyors and so on.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • lena_halo
    • By lena_halo 14th Apr 18, 9:04 AM
    • 60 Posts
    • 39 Thanks
    lena_halo
    • #3
    • 14th Apr 18, 9:04 AM
    • #3
    • 14th Apr 18, 9:04 AM
    FWIW we are using a Countrywide MA and using them for Conveyancing and they have been absolutely fantastic so far.

    Homebuyers Reports are all pretty much the same, I don!!!8217;t think it matters who undertakes them.
    • mangog
    • By mangog 14th Apr 18, 8:10 PM
    • 29 Posts
    • 15 Thanks
    mangog
    • #4
    • 14th Apr 18, 8:10 PM
    • #4
    • 14th Apr 18, 8:10 PM
    Thanks both, that is reassuring. Nationwide have taken the payment from our account already so I guess we're stuck with them now anyway! Seems a little odd to take payment before I've even seen any T&Cs but I guess I just don't understand how it all works. Thanks again!
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

79Posts Today

1,366Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line? https://t.co/kwjvtd75YU

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin