 Can my landlord increase my rent by as much as 25%? |
| The rent will then be well out of our price range. I was under the impression it cannot be increased by more than 10% per ... |
|
 Non lease eviction? |
| My friend is being evicted. She has been issued a summons to go to court, but they have also issued her Fiance a summons saying that he owes her back rent also. He lives with her most of the time, ... |
|
 Tricky legal question, but very urgent??? |
We just purchased a home, and moved in 1½ weeks ago (signed on 3-30-2007). We got the water turned on the same day as the signing.
After a week, we started noticing water building up in ... |
|
 Which is the smarter financial move?? |
| Right now I can buy a palce but...everyone is giving me diff advice. Seems as though most say RENT right now because prices will continue to go down thru 2008. I always though by renting it was a lot ... |
|
 Section 8 housing? |
| I LIVE IN SOUTH FLORIDA I WANT TO RENT OUT MY HOME, I WANTED HOW WOULD I RENT OUT MY HOME TO A SECTION 8 FAMILY... |
|
 Temperature in house to avoid pipes from freezing? |
| I live alone and travel often. I live outside Philly, so it's fairly cold right now. When I travel, I turn down the heat to lower the bills......but does anyone know the safe temperature I need ... |
|
 My landlord is going to keep my deposit, is this legal in my circumstances? |
| My landlord is the most unreliable person. I asked numerous times for her to bring me a new lease to sign. I asked three times and still nothing. she was excited that I wanted to stay for another ... |
|
 My neighbor is playing high bass music... why are people so rude?? (I live in an apt)? |
| I don't get it. This guy has a newborn infant and about 5 other people living his apartment, yet he plays his loud bass filled music all the time. I like loud music too, but I realize I live ... |
|
 What do I need to buy a house? |
| My husband and I are wanting to save up for a year and put the money we save together with our taxes and buy a house. Our credit isnt that good right now but we're going to spend the next year ... |
|
 Neighbors downstairs complaining about my walking - what can I do? |
| I live in a seven year old apartment. I am on the top floor. I can normally hear my neighbor below me pounding the bass when they play video games. Anyhow, suprisingly enough, they complained to ... |
|
| Should I rent the condo or buy it from the seller since he has offered me owner financing? |
| I was recently looking for a place to rent with a friend of mine. We chose a new construction condo to rent, and they are not finished yet. As we are waiting for them to finish up so we can move ... |
|
 Do you need to be in full time employment for a period of time PRIOR to applying for a mortgage? |
I want to apply for a mortgage when I graduate in June with my boyfriend.
He is on around £18,000 and I hope to be on the same.
I was wondering if I can apply as soon as i get my first ... |
|
 How long do i have to keep my house before i sell? |
| My husband and i just bought our second home back in sept. 06. We were in a rush to get a home near a good school for our daugther. Well we didnt have much to choose from in our area at a price we ... |
|
 Flipping HOUSES?? Good Investment? |
| For those who don't know, the term "Flipping Houses" is when you purchase a house, fix it up and sell it for more money to make a significant amount of profit. Does anyone know if this ... |
|
|  |
Peter J | To survey or not? |
My son is looking to buy his first house and has been adviced by the mortgage lender (Nat. West) that a survey isn't a legal requirement, i say it is, but if not i say he should get one anyway. He argues that Nat. West know best. Any thoughts?
Additional Details
I have read all your answers as has my son, i want to thank everyone for their advice. My son says it's down to money or lack of it as he is working to a very tight budget. I can't pick a best answer as they all helped immensley. |
 |
 
Jaygee
|
get a survey save thousands |
|
roshariouk
|
It's worth remembering that if you're buying in England and Wales, the seller may have included a condition report in the Home Information Pack (maybe Natwest were referring to this when they said a survey was not needed).
If a condition report is not included in the HIP or you're not in England or Wales, get a survey - OK a full structural survey is not a requirement by most lenders as they will do their own valuation survey. Try to get a look at this as it will have notes on where there may be issues (most valuers will spot potential problems as they could affect the value). If you are unable to get a look at the lenders survey it may be worth getting a basic survey (less than £200) which should spot all the obvious problems. The only safe way is to get a full structural survey - but it's going to cost up to £500. But it could save thousands in the long run. |
|
leambi
|
I have never heard of a mortgage lender that will lend without seeing a copy of a valuation survey (how else would they know if they were lending the correct amount for the property), a valuation survey is the minimum, it is sometimes called a mortgage survey as it is ultimately very basic, there are many different types of surveys that vary in price but as houses now have HIP's then this should include some of the requirements. He may not be paying for a valuation survey as most lenders offer this for free on certain products. |
|
linkus86
 |
A survey is not a legal requirement. But having one can protect you from legal issues later in life. It really depends upon the property as to how much it is needed. If your son is considering buying in a non new constructed subdivision that doesn't have neighbors houses 10 feet from each other, a plat may suffice quite fine. But if the property is new construction or rural I definitely recommend getting one. In any case most first time home buyers usually can't swallow the expense of a survey when it isn't legally required for them to have one. |
|
KARL O
 |
Get one done i wish i got one done when i got my house I'm still getting it sorted out now its just one thing after another but if i got the survey done in the first place it would have saved me about 15 grand plus |
|
Butternut27
|
Its a choice a survey...but if he does buy without one and there are problems can he afford to sort it out..why not pay a few hundred for a full survey than save these few hundred and face a bill probably several thousand worth for damp or stuctural problems....there is no easy way to buy a house which is his biggest purchase in his lifetime...why not do it properly..remember the saying a fool and his money are soon parted...don't let that be him....In all the yrs I have been buying property... I have never EVER heard of a lender not wanting a survey they usually want a valuation or full structural to determine the value of a property before they lend......advise him wisely.... |
|
Dawni Do Right
 |
Unless there is an issue/question with a boundary line or encroachment, why pay for the extra expense? |
|
frak1a12345
|
It could save you lots of headaches in the future and it isn't terribly expensive. When I bought my first house the lender required a survey. It was not a legal requirement then and I am sure it isn't now. Some people think of it as cheap insurance to prevent arguments with neighbors or you may never need to refer to it again in your lifetime. Do whatever makes you happy. |
|
Wendy H
 |
There are 3 kinds of survey in the UK
A valuation survey.
A Home buyers report.
A full structural survey.
The valuation survey is the minimum a building society requires to prove the house is worth the you want to borrow.
A Home buyers report is more detailed, but he wont lift carpets and make close inspection it will point out very obvious defects.
A full structural survey is much more detailed and would pick up most faults suggest required work to repair and is a great bargaining tool to use to have a reduction in the price of a house. If it finds a major problem you may even chose not to buy it.
Obviously when you buy a home you want to save every penny but it may be a false economy if there is a major structural fault that he has to pay for, which a structural survey would have picked up.
Normally the newer the building the less likely there is being a problem, another thing to do is ask the neighbours what problems there are in the houses some may be due to poor design others due to poor build quality. |
|
dopegirl
 |
Always get a survey. What is the point of buying a house and not knowing if it's got damp/structural problems etc. The bank are so wrong in telling him not to do it. As I understand it lots of lenders require this to be done. The man at the bank is an idiot. What happens if there is a problem in a couple of years with the house, he has no recourse. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 20 minutes(s) ago
| | | |
10 | 40 minutes(s) ago
| | | |
10 | 58 minutes(s) ago
| | | |
8 | 3 hour(s) ago
| | | |
10 | 5 hour(s) ago
| | | |
9 | 7 hour(s) ago
| | | |
10 | 9 hour(s) ago
| | | |
10 | 1 day(s) ago
| | | |
10 | 2 day(s) ago
| | | |
10 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
