How Long Does A Home Report Last In Scotland

If you find a home you re interested in buying and are happy with its home report tell your solicitor.

How long does a home report last in scotland. If your report is older than this it is possible your lender may require a refreshed mortgage valuation. The documents in the home report must be no more than 12 weeks old when you put your property on the market. When your house goes on the market your report should be no more than 12 weeks old and have the most up to date information on your property. If a number of people note their interest the seller will set a closing date for offers to be made.

Single survey and valuation. There is no official expiry date of the home report in scotland once the property is on the market. 8th august 2018 the documents within the home report must not be any older than 12 weeks old at the time that your property goes on the market. Your solicitor will then formally note your interest with the seller.

The home report should be no more than 12 weeks old when the property first goes on the market. It s important to get this done by the right professional in the right way to avoid the repercussions. How old can the home report documents be when the house is put on the market for sale. A house for sale which has a home report can be taken off the market for 28 days without needing a new home report.

It s split into three parts a single survey and valuation a property questionnaire and an energy report. If they don t give you the report within nine days you can contact your local council s trading standards services. This included a home report public consultation held in december 2013 and a home report research report we are. This reflects current practice for survey reports.

The legislation does not impose a set shelf life or validity period for any of the home report documents. Government legislation states that the documents in a home report should be fewer than 12 weeks old when the property is put up for sale. If a home has been on the market for more than 12. A seller or selling agent must give you a home report within nine days of you asking for it.

However if your home is for sale for a very long time you may consider getting a refresh survey report. However there is currently no stated validity period. How long does a home report last. Once your home is on the market there is no official expiry date for the home report.

If you fail to do this within 9 days of receiving an offer you may be fined up to 500 for not complying with these regulations. How long does a home report last.