When buying a property, is it cheaper to pay for a survey by a surveyor recommended by yur mortgage lender?

or would you save money by arranging for one to be carried out by a surveyor advertising on the internet? I just want a home buyers report, not an in-depth survey.

When buying a property, is it cheaper to pay for a survey by a surveyor recommended by yur mortgage lender?
the mortgage company will insist on using their own anyway
Reply:Quite possibly not. Your mortgage lender may well get paid a commission or introduction fee by the surveyor in return for the recommendation. Shop around - and if your mortgage lender has a "non-approved surveyor" fee (or similar) make sure you include that in your costs!
Reply:a home buyers report and a survey are two completely different things. I would beware of anything the mortgage lender recommends though because they may get kickbacks for recommendations. I wouldn't bother surveying until you decide to buy, then the home seller usually has a survey done.
Reply:Call around and get pricing from surveyors. They are often cheaper and faster than the one recommended by the mortgage lender. Also, see if there is a licensing board in your state that will allow you to see if they have complaints lodged against them.
Reply:It is rare that a mortgage broker will add anything to this fee and in fact may be getting a discount for you based on the regular business he does with the surveyor. It will also insure they get the report from an approved surveyor. Let the mortgage lender handle it.





Here is some additional info. Hope this helps.
Reply:Go independantly. They could be in it together and you may get the wrong advice. Look up yellow pages and select three and whoever you think sounds the most honest, go for it.
Reply:I recently purchased a flat, and my solicitor delt with all surveys and such. But I know it was the mortgage lenders who did the final survey. Mind you, it was a new build, so not sure if that makes any difference to what surveys need to be carried out!
Reply:i used the mortgage company's own only because it was quicker and all in house so eaiser too


think it cost £160 and that was 2 months ago
Reply:You will have to pay for the building soc. surveyor %26amp; your own as well if you want that !


The bs will only accept their own surv report !
Reply:I've found its not much cheaper, they all charge a similar sort ofrate. They all say the same thing as well, there such a pain
Reply:It really isn't a very good idea to shop surveyors by price. The cheap ones usually do so many in a day that they can't possibly be doing them correctly or even within legal standards. Usually, a title company or closing agent uses a certain surveyor because they are the least expensive. It is very important to have a correct survey. The lender and title insurance companies require a survey to verify improvements and to make sure that there are no physical or legal encumbrances on the property's title.

at home teeth whitening