Mortgage valuation/survey

[Anonymous]

Yes, my Surveyor is a qualified expert in historic buildings. Evelyn's guess is right, and their act is almost unbeatable.

I am looking forward to the post tomorrow. I imagine I will have two reports one on either side of my toast and coffee, a large red pen handy and a big bin. I already know from my Vendor one thing that the mortgage valuer picked up, that he was very late arriving and stayed only just over an hour. At just under £600 fee, he has earned more than the conveyancing solicitor gets per hour.

As has been commented, it's a jobsworth issue, but the more people who shout loudly, the more the Bsc's need to think about their policies.

 

[Anonymous]

I think you may be confusing a valuation survey with a building survey here. Lenders do not usually require a building survey, that is something you would have done to satisfy yourself as to the condition of the property.

The lender only wants a valuation survey. The valuer would not do a full technical survey but would look at enough to form an opinion as to the value of the property. The valuer will sometimes pick up on issues and note them on the valuation report. If this happens the lender will require you to have these checked out. It is at this stage that most people then seek a building survey.

So, if anything is picked up by the valuation, your survey may still be useful.

PS. If it had been me I would have advised you to have the valuation done first. If the valuer does mention something it then gives the building surveyor the opportunity to specifically report on it.