We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Possible Problems - Surveyors
lemon26
Posts: 242 Forumite
Hi all! I've recently moved, have had my old house on the market since December 2011 and have just completed on my new house :beer:.
I have had fair amount of interest in my old property however the stumbling block will all of the possible purchasers has been the construction - it's a Dorran house which was fully refurbished (almost re-built it would seem!) in the early 90's. These works included a new external wall of concrete cavity blocks, roughcasting, new roof, new windows, electrics and plumbing. However, for the purposes of the Home Report (Dec 2011) it's a Dorran house still. This is the stumbling block as some of the potential purchasers have been refused a mortgage for a property of this type of construction. They won't tell me the lender but they do say they are a major high-street bank.
I have the orignal survey from Nov 2006 when I purchased the property and it says, and I quote, 'Construction - Roughcast cavity concrete block with a pitched and tiled roof and suspended timber floors'. Nowhere in the survey does the words Dorran, pre-fabricated or non-standard construction appear.
My EA has advised me that I should look for a cash buyer as the house seems to be un-mortgageable at present and there are a large amount of similar properties that can't find a buyer too in the area.
My question is do I have any recourse against the original surveyor for stating an incorrect construction type as, had I known I would struggle to sell, I would never have bought. Also, do I have to tell my current lender that the new Home Report gives a different type of construction as to the construction stated on the mortgage application? Having 'mystery shopped' I know they DO NOT offer mortgages on this sort of property.
I can afford both mortgages but am hoping to sell this year so I can get on with some works around my new house. However, I could not afford to repay the £35k still owed on my old house all at once if my lender cancels the mortgage because of the construction.
Please help, moving is stressful enough without this! Thanks in advance, L
I have had fair amount of interest in my old property however the stumbling block will all of the possible purchasers has been the construction - it's a Dorran house which was fully refurbished (almost re-built it would seem!) in the early 90's. These works included a new external wall of concrete cavity blocks, roughcasting, new roof, new windows, electrics and plumbing. However, for the purposes of the Home Report (Dec 2011) it's a Dorran house still. This is the stumbling block as some of the potential purchasers have been refused a mortgage for a property of this type of construction. They won't tell me the lender but they do say they are a major high-street bank.
I have the orignal survey from Nov 2006 when I purchased the property and it says, and I quote, 'Construction - Roughcast cavity concrete block with a pitched and tiled roof and suspended timber floors'. Nowhere in the survey does the words Dorran, pre-fabricated or non-standard construction appear.
My EA has advised me that I should look for a cash buyer as the house seems to be un-mortgageable at present and there are a large amount of similar properties that can't find a buyer too in the area.
My question is do I have any recourse against the original surveyor for stating an incorrect construction type as, had I known I would struggle to sell, I would never have bought. Also, do I have to tell my current lender that the new Home Report gives a different type of construction as to the construction stated on the mortgage application? Having 'mystery shopped' I know they DO NOT offer mortgages on this sort of property.
I can afford both mortgages but am hoping to sell this year so I can get on with some works around my new house. However, I could not afford to repay the £35k still owed on my old house all at once if my lender cancels the mortgage because of the construction.
Please help, moving is stressful enough without this! Thanks in advance, L
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards