Damp and timber report for remortgage - Please help

Sheep

Morning everyone.

I am currently remortgaging and the mortgage provider sent there valuer round last friday. I put down that the house was worth £75000 and the surveyor put the figure of £70000 down which is fine because now we are (just) within the 85%LTV mark. The problem is the valuer has noted damp on the ground floor and 1st floor. Although he states the property is worth £70k and this is within the LTV what will happen if the damp and timber report does say the house suffers damp?

I have had a look round the house and I think I can see some signs of damp (discolouring on some of the white wallpaper). I have an independent D/T specialist coming out on Tuesday morning. Is it worth trying to paint over the damp to reduce the impact on the report? I know the damp needs sorting and not painting over but I am desperate to remortgage straight way. I see you can get damp paint from B&Q so I could give the wallpaper a quick paint.

If the report does note damp or timber problems will that pull the plug on the remortgage? Will they make us do the repairs before the remorgage can go through.

what a headache

Sheep

Sorry I forgot to mention something..... We have just had a new kitchen put in and the walls have all been replastered and painted. Last week there was mould growing at the bottom of one of the walls. I called the builder back and he explained there was a leak in one of the pipes he put in and he would return on Thursday to repair the pipe and wall. The original surveyor would have seen this damp and mould and my wife didnt have chance to explain to him what it was. Thankfully I will be in on Tuesday morning and can explain to the D/T guy what the issue is and that it will be repaired within 48 hours of him leaving. Any thoughts would be great.

GMS

The D&T report will highlight the cause of and the remedy to the problem together with a costing.

If it is as a result of a leaking pipe with a remedy costing £100 (for example) then unlikely to be an issue. If it is stated to be a damp course failure with a remedy of £5000 (for instance) then the lender is likely to impose a retention or refuse to lend.

If you are sure the damp is a simple problem then dont worry.

I had one on a recent case. Surveyor requested a D&T report due to mould. Report was very thorough and had a complicated solution.......... Open bathroom window when showering!!

Don't paint over it as this will make it look suspicious. Speak the the D&T guy when he is there.

Sheep

Great thank you!

Sheep

Update - D/T surveyor attended today and said all fine except a few bits n bobs. If anyone near the london area needs a great D/T surveyor then let me know will let Natwest know now :)

robatwork

What part of London, Sheep?

xyellowx

sheep
i had damp in my house when i brought it got a guy in told me to take the skirting boards off all down stairs walls drill about 2inches of plaster out from the floor up paint damp proof paint to window sill level and leave for a few weeks before replacing the skirting (it gets a air flow and stops the damp) did it and never had a problem in 8 years saved me about 2k which id been quoted