Is re-negotiating post survey gazundering?

callmechar

We got our valuation back today. All ok, needs new boiler (soon probably) but we knew that when we offered and some other bits and pieces. Nothing major - we are not renegotiating because:
(a) the seller will not accept it - we already got 20k off of asking and
(b) we knew these things when we made the offer

callmechar

I think it depends on if you got a good offer accepted, how much property is etc?

snid

I remember when we bought our current house 15 years ago the mortgage valuation said 'Roof will need replacing - or no mortgage'. We got another report from a surveyor who said the roof was fine & the mortgage company accepted that. 15 years later the roof hasn't been replaced & we are still dry!

Also, how can you say the roof needs replacing in 3-5 years? Either it isn't sound and needs replacing (or work done) NOW or its ok. Surely?

sonastin

Thrugelmir wrote: »

There again.....

"Older roofs used ungalvanised nails to fix roof tiles in place and these can rust. Once this has happened, tiles can become loose and start to slip. While it is possible to replace just a few tiles, if rust is the problem then all the fixings are likely to be in the same condition."

Aye, once it starts the whole roof really ought to be replaced. But it usually starts with one or two moving and slipping. I read G_M's point as being "if there is no sign of the roof starting to go yet, its probably got a bit of life in it" so no need to panic about spending on a whole new roof just yet.

Thrugelmir

sonastin wrote: »

I read G_M's point as being "if there is no sign of the roof starting to go yet, its probably got a bit of life in it" so no need to panic about spending on a whole new roof just yet.

I have the same issue myself. Bought 5 years ago. Original 1930's concrete asbestos tiles and roof timbers. However we have made provision for replacement.

The high winds not so long ago had us concerned.

kingstreet

1trainer1 wrote: »

I am in a similar position and have rung EA to open renegotiations and they have asked for paperwork to back my position. Is this common practice and acceptable?

TBH it would be a daft vendor who didn't ask for evidence. You can withold this, but you're less likely to be viewed as serious, and more likely to be seen as a "try on" merchant.

As a vendor, I would automatically ask what the property's been valued at and take that as my guide to a request to money off for "essential" repairs.