Mortgage company asking for a structural report

[InertialTooth45]

Afternoon. I'm currently going through my first house buying experience. I've had an offer accepted on what we think is the perfect house after quite some time looking. Mortgage DIP given, then when the mortgage company carried out their valuation they have refused to value it without a full structural survey being carried out due to apparent signs of movement.

When viewing the property there was nothing apparent (to us) so this has got us quite worried. Having already paid out quite a lot in fees I am reluctant to have to spend more money on something that could potentially make the property a no goer.

Would it be reasonable to ask the vendor to cover the costs of the structural survey since regardless of who buys the property this issue is likely to come up.

Thanks

[Lucas CAV]

InertialTooth45 said:

Afternoon. I'm currently going through my first house buying experience. I've had an offer accepted on what we think is the perfect house after quite some time looking. Mortgage DIP given, then when the mortgage company carried out their valuation they have refused to value it without a full structural survey being carried out due to apparent signs of movement.

When viewing the property there was nothing apparent (to us) so this has got us quite worried. Having already paid out quite a lot in fees I am reluctant to have to spend more money on something that could potentially make the property a no goer.

Would it be reasonable to ask the vendor to cover the costs of the structural survey since regardless of who buys the property this issue is likely to come up.

Thanks

As a buyer I'd want my own report.
As a seller I'd expect prospective buyers to make their own enquiries and searches.

[Renovation]

Do you know exactly what the first report said ?

If not ask for a copy.

Go and view the house again - ideally with someone practical - you should be able to see what they are talking about and make your own decision from there.

Seller won't want to pay as no one will rely on a seller's report BUT you should be able to reduce the price to cover any issues.

[IanA2]

When you have a report done you are also buying insurance by way of the professional indemnity carried by the report writer. Ergo, if you want to be covered for wrong/sloppy opinions, you have to buy the report.

[Sarnie]

InertialTooth45 said:

Afternoon. I'm currently going through my first house buying experience. I've had an offer accepted on what we think is the perfect house after quite some time looking. Mortgage DIP given, then when the mortgage company carried out their valuation they have refused to value it without a full structural survey being carried out due to apparent signs of movement.

When viewing the property there was nothing apparent (to us) so this has got us quite worried. Having already paid out quite a lot in fees I am reluctant to have to spend more money on something that could potentially make the property a no goer.

Would it be reasonable to ask the vendor to cover the costs of the structural survey since regardless of who buys the property this issue is likely to come up.

Thanks

Don't see it as an added expense, see it as something that could save you a LOT of money, either by preventing you from buying a lemon or getting the price reduced.......