The Action Plan for Housing.

[fed up]

What exactly does that mean Depends on what you need the report for I suppose.

Fixed, got the structural survey condition removed from the list so hopefully it's all green lights now.

 

[Happyhonkaman]

Fixed, got the structural survey condition removed from the list so hopefully it's all green lights now.

Fed, is that really a good idea? If there is a structural issue you need to know about it now!

Also, I wouldn’t agree at all that engineers are wary of old houses, if anything they are far more predictable as any movement is likely to be well settled and settlement itself accepted for what it is.

 

[Crusty Ring]

Serious matter.

Contract signed, deposit paid. Before signing the bank said they had all they need, now at the last minute they want one.

Engineer's are wary of old properties.

An Engineering report is a prerequisite requirement for any house sale.

Ultimately it’s the banks property until the mortgage is paid off and they need to have documentation in place to show their investment isn’t going to fall down.

You’ll need to have a report in place aswell to get the property insured.

I can recommend you the guy I used but he isn’t a shyster that hands out phoney reports however if there is a problem he’ll find it which is what you want from an Engineer.

I’d also recommend getting a survey of the drains done before buying any property as broken/blocked drains are the number 1 cause of subsidence.

I went sale agreed on a house years ago but walked from the deal after the survey showed some serious problems with the drain system.

These rules are in place to protect the buyer as much as the banks

 

[Orchard thief]

An Engineering report is a prerequisite requirement for any house sale.

Ultimately it’s the banks property until the mortgage is paid off and they need to have documentation in place to show their investment isn’t going to fall down.

You’ll need to have a report in place aswell to get the property insured.

I can recommend you the guy I used but he isn’t a shyster that hands out phoney reports however if there is a problem he’ll find it which is what you want from an Engineer.

I’d also recommend getting a survey of the drains done before buying any property as broken/blocked drains are the number 1 cause of subsidence.

I went sale agreed on a house years ago but walked from the deal after the survey showed some serious problems with the drain system.

These rules are in place to protect the buyer as much as the banks

No engineers report required in a cash sale, only if there’s borrowing.

Engineered have public liability and professional indemnity policies of €6.5m to €13m.

If they sign off on a house as being sound when it isn’t then they can be sued. They’l usually omit certain aspects to cover themselves as “visual inspection only”.

Ie they’ll recommend drains and foundations to be inspected professionally.

 

[Crusty Ring]

No engineers report required in a cash sale, only if there’s borrowing.

Engineered have public liability and professional indemnity policies of €6.5m to €13m.

If they sign off on a house as being sound when it isn’t then they can be sued. They’l usually omit certain aspects to cover themselves as “visual inspection only”.

Ie they’ll recommend drains and foundations to be inspected professionally.

Fair point on the cash sale I hadn't thought of that.

I'd say cash buyers a small % of the market though.

 

[Happyhonkaman]

An Engineering report is a prerequisite requirement for any house sale.

Ultimately it’s the banks property until the mortgage is paid off and they need to have documentation in place to show their investment isn’t going to fall down.

You’ll need to have a report in place aswell to get the property insured.

I can recommend you the guy I used but he isn’t a shyster that hands out phoney reports however if there is a problem he’ll find it which is what you want from an Engineer.

I’d also recommend getting a survey of the drains done before buying any property as broken/blocked drains are the number 1 cause of subsidence.

I went sale agreed on a house years ago but walked from the deal after the survey showed some serious problems with the drain system.

These rules are in place to protect the buyer as much as the banks

No engineers report required in a cash sale, only if there’s borrowing.

Engineered have public liability and professional indemnity policies of €6.5m to €13m.

If they sign off on a house as being sound when it isn’t then they can be sued. They’l usually omit certain aspects to cover themselves as “visual inspection only”.

Ie they’ll recommend drains and foundations to be inspected professionally.

Both of these are correct - read them Fed

An engineering survey and drains inspection would prob cost €1k all in, the mortgage on that place will costs hundreds of thousands over the years so it is small money in that context for a bit of security. The visual survey for everything above ground is fine, they will spot what they need to see, and everything above ground is your best indicator of what's going on below ground anyway

Dont go through with a purchase without an inspection for your own sakes

 

[jimmym]

Fair play to SF CLLR David Dunne in Tipperary for calling out those who are gaming the housing system, He says there are people in Tipp
falsely presenting as homeless in order to get a social home,

 

[fed up]

Both of these are correct - read them Fed

An engineering survey and drains inspection would prob cost €1k all in, the mortgage on that place will costs hundreds of thousands over the years so it is small money in that context for a bit of security. The visual survey for everything above ground is fine, they will spot what they need to see, and everything above ground is your best indicator of what's going on below ground anyway

Dont go through with a purchase without an inspection for your own sakes

They have the insurance in place for it already, the son in law was a builder for 20 years before changing careers and he's confident all is sound.
The underwriting manager has removed the clause for the report.

Thanks all.

 

[Happyhonkaman]

They have the insurance in place for it already, the son in law was a builder for 20 years before changing careers and he's confident all is sound.
The underwriting manager has removed the clause for the report.

Thanks all.

Good luck with it and hopefully all is well

I'd still get the report

*Roy Keane voice*
With all due respect, it wouldn't be something I'd skip for the sake of something that is a tiny fraction of the purchase price and an engineer will be looking for different things than he would.. No need to let the bank know they are getting it done.

 

[Crusty Ring]

They have the insurance in place for it already, the son in law was a builder for 20 years before changing careers and he's confident all is sound.
The underwriting manager has removed the clause for the report.

Thanks all.

Best of luck to them, a very exciting time in anyone's life