Mortgage Survey – Do I have any comeback?
Lots of issues here. 1. You have to do the investigations into the house, on the basis of caveat emptor (buyer beware) 2. The surveyor is regulated by RICS and is a professional. The duty of care the surveyor owes is jointly to you and the bank. 3. The survey you had done was a valuations survey (a Scheme 1). The purpose of that is to give a reasonable estimate of value, nothing more. A Scheme 2 is a ‘proper’ survey. A Scheme 1 will only pick up major issues that are visible to the surveyor. have a look at the T&C’s on the survey – they exclude a massive number of things. I am sure that it will also state that the surveyor won’t move furniture/ carpets/ etc. 4. The surveyor may have been unable to see the electric wiring in the loft – was the loft full when the survey was done? Even if it was clear, it is probably outwith surveyor’s remit to comment on the state of the electric wiring. Anyway, a surveyor can’t guess what the state of the wiring is from one exposed wire.
Lots of issues here. 1. You have to do the investigations into the house, on the basis of caveat emptor (buyer beware) 2. The surveyor is regulated by RICS and is a professional. The duty of care the surveyor owes is jointly to you and the bank. 3. The survey you had done was a valuations survey (a Scheme 1). The purpose of that is to give a reasonable estimate of value, nothing more. A Scheme 2 is a ‘proper’ survey. A Scheme 1 will only pick up major issues that are visible to the surveyor. have a look at the T&C’s on the survey – they exclude a massive number of things. I am sure that it will also state that the surveyor won’t move furniture/ carpets/ etc. 4. The surveyor may have been unable to see the electric wiring in the loft – was the loft full when the survey was done? Even if it was clear, it is probably outwith surveyor’s remit to comment on the state of the electric wiring. Anyway, a surveyor can’t guess what the state of the wiring is from one exposed wire. This is just a
