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 £190 for there work, and will have to conduct another when the house is finished (a further £50) is this normal. It seems to me that they didnt even visit the site..
2006-11-04 06:21:25 · 7 answers · asked by Gordon C 2 in Business & Finance ➔ Renting & Real Estate
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.
2006-11-04 06:43:37 · answer #1 · answered by MrsMac 4 · 1⤊ 0⤋
"to construct a house or a lodge, the participant ought to very own all properties in a coloration team. progression must be uniform during a monopoly, such that a 2nd homestead can't be equipped on one property in a monopoly until the others have one homestead." I have been provided that from Wikipedia. I somewhat have performed this activity because i grew to become right into a sprint toddler, and that i've got performed different approaches with different people. each and every so often we performed like your mom is describing. different cases we'd purchase despite we could locate the money for, yet you are able to no longer positioned a 2nd homestead on a property except all the different properties have one homestead already on it (like Wikipedia says). desire this facilitates.
2016-12-28 12:42:03 · answer #2 · answered by ? 3 · 0⤊ 0⤋
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 £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!
2006-11-04 06:33:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋
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.
2006-11-04 06:26:19 · answer #4 · answered by Boscombe 4 · 0⤊ 0⤋
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.
2006-11-04 06:29:24 · answer #5 · answered by KJC 7 · 0⤊ 0⤋
I don,t readly know I live Canada ours differnt
2006-11-04 19:04:38 · answer #6 · answered by pattibcacl 6 · 0⤊ 0⤋
they should be on your deeds or go to the libery
2006-11-04 06:44:28 · answer #7 · answered by taz 3 · 0⤊ 0⤋