Sunday, February 21, 2010

Buying a new house?

I an buying a new build in Scotland. I have to get a valuation report done for the morgage. It came back with the same information that is on the house schedule. The survayor is charging me 拢190 for there work, and will have to conduct another when the house is finished (a further 拢50) is this normal. It seems to me that they didnt even visit the site..Buying a new house?
A valuation is just a valuation, and is the minimum required in order to secure mortgage funding. This is normal here in scotland. The fee for all types of survey is on a sliding scale depending on the purchase price of the property - and is monitored by the RICS





If the site is mid construction you will get a summary of the schedule cos the property isn't complete, and yes they would have been required under their Charter to inspect the site. The final survey once build is complete will tell more.





If you went for the intermediate survey or full survey that would have been more expensive but more comprehensive, and even with a new build it would surprise you you many faults are found.Buying a new house?
well, i don't know the conversion rate from scotland to u.s. dollars but i'd say that sounds pretty darn cheap, actually, and yes, it also sounds normal--if you are worried they didn't even go there, for sure you might want to find a way to make sure they did; get a friend or a realtor or someone to show up with them and make sure they do their job. otherwise, it's perfectly normal to have your house inspected, and very much recommended.
It's a rip off, I'm sure about that. Still at least they only charged you 190. Did you state the level of survey that you required? This should have been done.
I don,t readly know I live Canada ours differnt
Was it a structural survey? Normally a survey is just establish the value of the house and this IS required by your mortgage company. They normally cost around 拢150.





You can shop around, but sounds like you have gonoe too far to do this. Why do they have to do another one? Ask them, if it's a new build then maybe the company can do a 'cash back' offer?





Good luck in you new home!
they should be on your deeds or go to the libery

No comments:

Post a Comment