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please can somone advise me regarding valuation fee and house purchase which fell through due to them pulling out

11 replies

Tortington · 07/12/2006 11:22

have had letter saying they want the valuation fee - yet the vendors pulled out of sale.

is is just my luck to have to pay this fucking fee?

OP posts:
littlemissbossy · 07/12/2006 11:26

was the valuation on your instructions i.e. from your lender?
if so, then yes you have to pay - sorry

DizzyBinterWonderland · 07/12/2006 11:28

i think you have to pay the fucking fee yes.

it's the risk you take.

some people end up paying solicitors, valuation, searches and mortgage arrangement fees and then it all falls apart.

LIZS · 07/12/2006 11:34

If you had it done then yes you have to pay, even if it falls through. Most require the cheque upfront anyway.

DingDongDraculaOnHigh · 07/12/2006 11:46

Yes any costs you have incurred already will have to be paid

V unfair I agree

Tortington · 07/12/2006 11:50

shit fuck toss.

fuck shit.

what a waste of fucking money - the vendor should pay it - fucking tosser

thank you for your replies

OP posts:
tinkersbelles · 07/12/2006 12:06

God, really feel for you. We're crossing our fingers at mo waiting for our purchase to complete.
Think it's really unfair purchasers have to pay valuation/survey fees... would make more sense for vendors to do it then if they did pull out they'd have footed bill. If buyers pulled out then at least fee would only have been paid once !

catsmother · 07/12/2006 12:14

Unfortunately, never is the old adage "buyer beware" truer than when you're buying a house.

We found a house, offered the asking price, which was accepted and then paid for a homebuyers survey. On top of that we then had to pay for a couple of specialist reports recommended as a result.

The b*ards then gazumped us ........ around 9 weeks down the line by accepting a higher offer ! What made it even worse was that the slime estate agent, who was obviously in on this (with an eye on his commission no doubt) "told" us what had happened after the event, by effing voicemail. He didn't even have the guts to speak to us, nor check beforehand if we could meet the higher offer.

We never got to the bottom of what happened at all. Maybe the new buyer was a cash buyer or something I don't know.

But the whole system stinks when the sale breaks down through no fault of your own and yet you are left out of pocket to the tune of almost a £1000 (I think in total we paid £800 ish).

I'm not totally up with it but I think the system in Scotland may offer more protection - to both buyers and sellers.

At the time I felt utterly murderous towards the vendors. Did they really think we had £800 to throw down the drain ?

DingDongDraculaOnHigh · 07/12/2006 12:16

this is why they want to bring in the sellers pack

StrawberrySnowflakes · 07/12/2006 12:17

its coming in by early summer next year im told..and i think def good idea!

Blu · 07/12/2006 12:27

Eally sorry, Custy - you must be gutted - loss of house AND the fucking bill to pay.

Grrrrr.

I do think that once an offer has been accepted, there should be some liability towards the buyers expenses.

LIZS · 07/12/2006 12:33

Don't think lenders will automatically accept the valuation in the seller's pack alone though so they may well still demand their own report.

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