Vendor has changed the property post acceptance?

flea72

firsttimebuyer1985 wrote: »

SAHD Surely it's a good sign that they're actually fixing the problems that have cropped up?

fixing or making do?

F

Doozergirl

firsttimebuyer1985 wrote: »

They are really eager to sell the property so I'm (perhaps optimistically) assuming that they don't want to give the mortgage lenders any reason to stop the sale? The estate agent was aware we had the viewing but not sure about the vendor. I've never met the vendor but apparently once I have an official mortgage offer he has requested that we meet up face to face.

If the valuation survey is costing nothing then it's worth having it anyway and meeting up with the vendor.

A survey is an issue with any house, not just this one. It should be part of that moving fund. On a FTB house, I'd be very surprised if a full singing, dancing survey cost more than £1000. They usually end up paying for themselves in price reductions anyway. The more you spend on the survey, the more they find... It's a good investment when you're spending that much money on something, this house isn't in need of a survey more than any other house though. No one knows what's been going on before the moment they view and it's presented as the perfect haven.

How old is the house?

poppysarah

flea72 wrote: »

fixing or making do?

F

Work done to sell a house may not be the same quality as work done to a house you want to live in.

I would want to know the quality of the work isn't a botched job.

intranix

Inform the surveyor with the information you have. Then involve whoever you need to to check the property out further and satisfy you concerns.

Richard_Webster

There are all kinds of reasons why they might have done this work but I don't think it is at all unreasonable for you to insist that you see the seller now before you make any further financial commitments to get a proepr explanation as to what it is all about.

shisslemopp

Don't forget that the mortgage valuation is for your mortgage company, not you. So they are not obliged to tell you anything about the house. All they are looking for is to see if the house is worth the money they're about to lend you, so if it all goes belly up at some point, they will make their money back selling it on the open market.

It's not going to tell you if there's anything wrong with the house. (unless of course the house is falling down )

When the mortgage valuer came round to ours recently for our buyers mortgage company, he told me that many of these mortgage valuations are just done via a drive by, just to check that the house exists, then they go back to their office and call 3 EA in the area to ask what they think the house would be worth. It's awful really, as they ask competitive EA who don't know anything about the house at all, ie: if it been extended, or it's fabulously decorated or something like that.

Good luck though, hope it all works out for you

spadoosh

firsttimebuyer1985 wrote: »

He was also unhappy with fitting of the floor as it had a slight bump in it (which we'd noticed when viewing but put down to poor laminate fitting).

Be extremely careful with this, my auntie had a bump on her floor this was due to dodgy foundations (opposite of subsidence dont know technical term) and she ended up having to dig down into the foundations to rectify the problem which was very costly. If your selling a property you don't ammend it because your unhappy with it, if hes accepted your bid by the conditions youve accepted the bump so why would they alter it if youve accepted how it is?!

I know its very difficult to walk away from a property youve fallen in love with ive had to do it a few times but dont be blinkered, im certainly not telling you to run away but go in with extreme caution you will be investing a lot of money into this and nobody wants a bad investment and the stresses to go with it

Doozergirl

spadoosh wrote: »

Be extremely careful with this, my auntie had a bump on her floor this was due to dodgy foundations (opposite of subsidence dont know technical term) and she ended up having to dig down into the foundations to rectify the problem which was very costly. If your selling a property you don't ammend it because your unhappy with it, if hes accepted your bid by the conditions youve accepted the bump so why would they alter it if youve accepted how it is?!

Unless you have exchanged contracts, you haven't actually agreed to anything in England and Wales. The OP can ask for the moon on a stick as part of the deal if they like! They can certainly ask for the bump to be rectified or renegotiate based on the new lump.

OP, you should have a proper survey simply because you should have a survey on any house. Ideally you'd want the surveyor to speak to the vendor about what has just happened, otherwise you relay the information that the vendor gives you.

firsttimebuyer1985_2

Hi all - thanks for your advice - here's what I'm going to do...

1. Inspect the work done to fix the leak and floor tomorrow evening.
2. Wait for the mortgage lender's valuation survey to take place on Wednesday.
3. If the basic survey goes ok and I get my official mortgage offer through, send this to the vendor and get the property taken off the market.
4. Meet the vendor, ask him about the repairs that were made and inform him that we'll be carrying out a Homebuyer's report.
5. Eagerly anticipate the results and then decide whether to renegotiate, remove my offer or proceed with the sale.

Does this sound sensible?

Doozergirl

firsttimebuyer1985 wrote: »

Does this sound sensible?

Yes.

You could ask the mortgage lender though about upgrading their survey to a homebuyers. It might be cheaper than paying for another separate one.