tolkarovers
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jaybird said:Does that mean I have to pay another €130 for another one in a few weeks ?
jaybird said:ULster bank have required me to get a valuation on my new house which isn't even finished yet!
eiregal said:For new properties, you need a first valuation which costs €127, and when it's completed you'll need to get a 'final inspection' carried out which costs a further €63. As far as I'm aware, the Banks seldom pay it.
Many lenders will forego this relatively small fee in order not to lose the mortgage loan business if you haggle.eiregal said:For new properties, you need a first valuation which costs €127, and when it's completed you'll need to get a 'final inspection' carried out which costs a further €63. As far as I'm aware, the Banks seldom pay it.
You should be wary of taking such "advice" from a broker. Even with a new property a good snagging survey and maybe even a detailed structural survey is worth the few hundred that it will cost. This is separate from any valuation survey that the lender may require. Note that HomeBond is not a replacement for a suitable survey or property insurance. In my personal experience it is useless and getting any redress through HomeBond is difficult to impossible.dimple said:I am buying a newly built apartment and my mortgage broker has told me that AIB do not require a valuation report to be completed as the builder will provide the bank with the Form HB47 before closing.
You should check with AIB and get it in writing that they don't need a valuation survey. You should separately decide what level of surveying you need to get done to protect yourself against problems that might arise with the property.AIB did send out a valuation report form to me, however the broker advised that this was an error.
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