homebuyers survey needed?

[loulou06]

i am looking into buying a property that is only 3 years old, its a purpose built flat. do you think that it is worth the cost of getting the homebuyers survey on a property as new as this? would the mortgage lenders valuation survey be sufficient? any advice appreciated. thanks.

[PrinceRainie]

I would recommend that whenever buying a property, you should always get a survey done.
Depending on how you look at it, with a new house it could be more important to have a survey done as the house is still "settling" and therefore may have some defaults that otherwise may not be visible to the untrained eye.

Also for the sake of spending a couple of hundred pounds for the peace of mind is better than having to spend thousands to have something put right after the purchase.

Also most lenders will have a basic survey done anyway depending on the type of property being purchsed. This would normally be sufficient..so long as it is a survey and not just a "valuation"

[Twenty20]

To be honest, a homebuyers survey isn't worth the money. Either get a full survey or none at all.

You should, or get your solicitor, to check that the property has a NHBC warranty valid on it. I think this lasts for 10 years.

[gina32]

it does last for ten years but that also isnt worth the paper its written on, it doesnt cover everything all of the time