Home Owners > Buying and Selling

Only 20% of buyers have a full structural survey

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Philofacts:
Only one in five home buyers obtain a full structural survey according to Which?.
Amazingly 80% of buyers believe that it is covered by the lender's Valuation Survey.
Some lenders charge borrowers around £280 for a mortgage valuation survey yet pay the actual surveyor as little as £89.

The Prophet:
One of the few advantages of buying a brand new home is that a structural survey is not necessary.
The NHBC warranty giving peace of mind.

But buying an older home you really need to have a full structural survey. 
At least you will have someone to sue if problems are discovered later!

FirstTimeBuyerGuru:
Plus new homes come with a guarantee of around 10 years.

Philofacts:
It is a WARRANTY not a "Guarantee"  see New Home Warranty   
The NHBC Buildmark Warranty is for ten years.

FirstTimeBuyerGuru:
Apologies, poor wording!

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