Reply to: Changing my mortgage

[Churchill]

You are all forgetting the correct response to Dodgys question...

It is of course "What's a mortgage?"

[Troll]

I'm not sure the "only get a full survey only if it's an old property "statement is valid - Having owned and seen the flimsy construction nature of new builds it would be prudent to have everything checked out

[rootsnall]

Does it really cost £1970 for a survey???

Is it an 'odd' property ? I'd of thought you'd be able to get a free valuation survey if you are just remortgaging from lots of providers. Maybe the credit crunch is really starting to bite ? There is no point in a full structural survey if you are already living in it.

[Troll]

There are generally enough caveats in the small print that says that if they miss something, it's not their fault.

When a mate of mine bought his house, the surveyor missed the leaking roof - despite going into the loft, where there was a bucket to catch the water, that was half-full...

mine missed the chimmney stack that had been half removed and left hanging with no support.. he paid for it to be removed completely

[TheFaQQer]

So what you saying is this:

a) you pay those guys to make survey and they do it and state in writing all is fine, so you buy house
b) short time later big problems are found that should have been identified during survey

Are you saying that surveyors who were supposed to have found these problems are not liable for the damages that occured due to their bad work? Surely there must have been some court precedents.

There are generally enough caveats in the small print that says that if they miss something, it's not their fault.

When a mate of mine bought his house, the surveyor missed the leaking roof - despite going into the loft, where there was a bucket to catch the water, that was half-full...

[AtW]

Coz they can!

So what you saying is this:

a) you pay those guys to make survey and they do it and state in writing all is fine, so you buy house
b) short time later big problems are found that should have been identified during survey

Are you saying that surveyors who were supposed to have found these problems are not liable for the damages that occured due to their bad work? Surely there must have been some court precedents.

[vetran]

If they are not responsible for anything wrong with the survey, then why the heck they charge so much?

Coz they can!

[AtW]

Nah! Get outta here

If they are not responsible for anything wrong with the survey, then why the heck they charge so much?

[PRC1964]

Full structural survey is expensive, but probably not worth it.

Every survey I've had has failed to spot the problems with the property, so I'd just go with the cheapest one available. Even if they do spot problems, then they are so full of caveats that you won't get anything out of them.

We need a nodding icon.

If the survey misses something you are about as likely to get compensation as Milan is to correctly cable up his wendy house.

[wendigo100]

Does it really cost £1970 for a survey???

Does it really cost £1970 a month for an agent to bill a client for me?

[Moscow Mule]

You shouldn't need a survey, just a valuation??

[sasguru]

Aren't they responsible for any issues found int he future after they OKed the building?

Nah! Get outta here

[AtW]

Every survey I've had has failed to spot the problems with the property

Aren't they responsible for any issues found int he future after they OKed the building?

[TheFaQQer]

Full structural survey is expensive, but probably not worth it.

Every survey I've had has failed to spot the problems with the property, so I'd just go with the cheapest one available. Even if they do spot problems, then they are so full of caveats that you won't get anything out of them.

[oracleslave]

Does it really cost £1970 for a survey???

Cost of a survey will depend on the size and value of the property. I presume you are getting a building survey done? If it's being done for a mortgage lender this costs more than an independent survey.