House survey advice

[Goring Gull]

Quick question, When you recieve back the survey on the house your going to buy and it says reccomended work, do you have to get this done?

 

[Yorkie]

It depends on your building society.

We had a full survey done on this house and it needed work.

The building society weren't prepared to lend us the mortgage until it was agreed.

We borrowed a further £3000 to cover the work which was done after we moved in, but we also forced the vendors to drop their price by £3000 too.

 

[Brady's Old Lady]

I think it depends on the percentage of the house price you are borrowing. eg if you're borrowing 95%, the lender will probably want some action taken. If you're only borrowing say 60% they might not be so bothered.

But It's a while since I moved house, and I think there have been a number of rule changes.

 

[Goring Gull]

I'll give them a call, Cheers.

Nothing major they just reckon du th to the age of the house a roof inspection should be carried out. Otherwise all o.k.

 

[Yorkie]

That doesn't sound as though they have found a specific fault then just recommend general advice

I shouldn't worry too much about that.

We were warned about a tree behind our garage and recommended having it chopped down because it could damage it during a storm.

Nothing too serious and in fact we did have the tree chopped down two years later (council permission as it was a rogue sycamore)

 

[Brady's Old Lady]

If there are any problems, and I hope there aren't, you can always try and offset some of the costs by going back to the vendor and suggesting a "reduced price due to the findings of the survey"

 

[Goring Gull]

Just spoken to them, it's not a condition that it is done for the mortgage, just what the surveyor reccommended due to the age of the property, phew thats a relief i had an ominous feeling of being more skint than expected.