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Lack of building regs - a few questions .....
Dogz111
Posts: 73 Forumite
I'm interested in a house which has a loft conversion without building regs. The house is a repossession and for sale by the mortgagees in possession. I have a few questions regarding this:
a) Once I inform the estate agent do they have to alter the house description and remove the loft as a room from the sales details ?
b) Will obtaining a mortgage on this property be difficult or will an indemnity policy suffice ? I know these are a waste of money but if it allows the mortgage to go through then its money well spent in my opinion.
c) How much could you expect to chip off the price. Is it still valued based on being a 3 bed house or now a 2 bed house as the loft is an illegal room ?
d) Would a structural survey done at same time as mortgage survey give comfort that it was done correctly ?
Many thanks
Dave
a) Once I inform the estate agent do they have to alter the house description and remove the loft as a room from the sales details ?
b) Will obtaining a mortgage on this property be difficult or will an indemnity policy suffice ? I know these are a waste of money but if it allows the mortgage to go through then its money well spent in my opinion.
c) How much could you expect to chip off the price. Is it still valued based on being a 3 bed house or now a 2 bed house as the loft is an illegal room ?
d) Would a structural survey done at same time as mortgage survey give comfort that it was done correctly ?
Many thanks
Dave
0
Comments
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It's a two bedroom house until such time as you know whether the roof has been correctly supported, the ceiling joists have been reinforced to take a floor and furniture, the staircase and windows would be safe in the event of a fire. You will need more than a survey as the flooring and plasterboard will have to be partially removed to allow a full structural inspection.
Read the discussion on the 'loft space help!' thread whereby the prospective purchaser has been told he would not be able to claim on his buildings insurance should the worst happen. Also run a search as this topic comes up time and time again.Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0
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