Homebuyers Reports - what info in them?
Discussion
Unless you're paying a fortune for the report, I doubt it'll cover more than has already been stated (ie the bleedin obvious). Why not go to view the property and take an electrician etc with you? Surely an hour of their time will be cheaper than a report that probably won't tell you what you need to know?
Someone will probably correct me but I'm not sure what structural guarantees you get with a Homebuyer's report - isn't it just a valuation for the Mortgage provider?
..and yes as Scotal says your mortgage broker should be telling you this, you need to be able to make an informed choice and presumably they are making money out of you.
..and yes as Scotal says your mortgage broker should be telling you this, you need to be able to make an informed choice and presumably they are making money out of you.
Piglet said:
Someone will probably correct me but I'm not sure what structural guarantees you get with a Homebuyer's report - isn't it just a valuation for the Mortgage provider?
..and yes as Scotal says your mortgage broker should be telling you this, you need to be able to make an informed choice and presumably they are making money out of you.
Structural guarantees. Depends on the defect. IF it was easy to spot then the Surveyor will have PI cover.(For instance a f..and yes as Scotal says your mortgage broker should be telling you this, you need to be able to make an informed choice and presumably they are making money out of you.
king great crack running down an outside wall) If it is easily hidden (i.e a damp patch hidden by a chair or rot hidden by a carpet the surveyor will have covered his back with his report. scotal said:
Don't think me rude Gary, but why the fk didn't your broker/ mortgage lender run through the details with you.
If he/she/it had, you'd know that electrics won't be covered unless the surveyor considers them dangerous, and the boiler won't be covered.
I think you are very rude Mr Scrotum k didn't your broker/ mortgage lender run through the details with you. If he/she/it had, you'd know that electrics won't be covered unless the surveyor considers them dangerous, and the boiler won't be covered.
The reason is my wife arranged the mortgage with the lender and didn't/forgot to ask about the survey details.
garycat said:
scotal said:
Don't think me rude Gary, but why the fk didn't your broker/ mortgage lender run through the details with you.
If he/she/it had, you'd know that electrics won't be covered unless the surveyor considers them dangerous, and the boiler won't be covered.
I think you are very rude Mr Scrotum k didn't your broker/ mortgage lender run through the details with you. If he/she/it had, you'd know that electrics won't be covered unless the surveyor considers them dangerous, and the boiler won't be covered.
The reason is my wife arranged the mortgage with the lender and didn't/forgot to ask about the survey details.
rah1888 said:
The best thing to do would be to get a specialist electrician and plumber in to have a look for you. This is likely to involve a separate charge, but worth doing if you ask me.
Homebuyers reports can be very vague at the best of times.
Yep, our buyer has a homebuyers on our house. I was in when the surveyor came. He was in and out withing 15 minutes. Take from that what you will.Homebuyers reports can be very vague at the best of times.
Edited to add, I know the search thing isn't great but its worth a go:
http://www.pistonheads.co.uk/gassing/topic.asp?h=0...
Edited by phillvr6 on Wednesday 4th March 18:15
I am a surveyor and there is no way that a Homebuyers can be completed in fifteen minutes unless you live in a brand new one bedroom flat. You are probably confusing this with a mortgage valuation which is a different beast altogether.
I take at least 90 minutes on site for a 1930's 3 bed semi.
The report is twenty pages long and well worth it. Most buyers will be able to negotiate much more off the price of the house based upon the surveyors report, than that report cost them in the first place.
I take at least 90 minutes on site for a 1930's 3 bed semi.
The report is twenty pages long and well worth it. Most buyers will be able to negotiate much more off the price of the house based upon the surveyors report, than that report cost them in the first place.
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