Survey On New(ish) Build Property

**Paddy** · 23 September 2011, 15:23

Originally posted by kaiser78 View Post

So I am in the process of purchasing a new build flat as an investment. The flat is only 3 years old and has 7 year nhbc cover on it. Having never bought a new build before, should I have a full survey undertaken or is the mortgage company valuation survey sufficient ?

TIA

NHBC is not worth the paper it’s printed on.
I would not bother with a full structure survey; I would put questions in writing to the owner.
Your solicitor must be a twat. The most important things are:
Who is the Freeholder? Look into the background.
What is the rent and when is the review or increase?
Is there a Headleasee?
Who is the management company?
Get copies of all maintenance charges for the past three years!
What are the maintenance charges for the next year?

**kaiser78** · 23 September 2011, 16:06

Originally posted by Paddy View Post

NHBC is not worth the paper it’s printed on.
I would not bother with a full structure survey; I would put questions in writing to the owner.
Your solicitor must be a twat. The most important things are:
Who is the Freeholder? Look into the background.
What is the rent and when is the review or increase?
Is there a Headleasee?
Who is the management company?
Get copies of all maintenance charges for the past three years!
What are the maintenance charges for the next year?

Er why ? I haven't mentioned my solicitor

**SueEllen** · 23 September 2011, 17:46

Does the building have a lift?

If so expect the service charges to increase as the building gets older.

**Paddy** · 23 September 2011, 18:21

Originally posted by kaiser78 View Post

Er why ? I haven't mentioned my solicitor

I just hate solicitors

Survey On New(ish) Build Property