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
Mortgage company asking for timber and damp report
SG27
Posts: 2,773 Forumite
Is this something to be concerned about? The house is 1700's and just been refurbished by the current owner it's also been empty as the owner lives elsewhere.
0
Comments
-
Depends what the report says! If it says there is damp, woodworm, timber rot, then the mortgage lender may retain some of the money till the work required is done.
Does it specify who should do the report?
Brea in mind that if you ask a damp/wood specialist company to do a free 'report' you will get a salesman who will inevitably find work needed which ... surprise... his company can do for you.
Pay an independant specialist who has no vested interest in finding work for himself.0 -
No they didn't specify who should do the report. I've got quotes for independent surveyors who don't carry out any work themselves.
I'm hoping this is just the lenders surveyor being cautious!0 -
Standard for a property of that age, in my view.Warning ..... I'm a peri-menopausal axe-wielding maniac
0 -
I was asked to get one done and my house is not as old as yours. Pretty standard these days. Banks are just being more careful...0
-
Sailmakers wrote: »I was asked to get one done and my house is not as old as yours. Pretty standard these days. Banks are just being more careful...
Thanks that's reassuring. Did your report show up any problems?0 -
Just an update incase anyone searches and finds this thread.
We had the report done by academy remedial surveyors. It's cost £225. They were pretty quick although the office seemed very busy when I tried call as the didn't answer the phone and it was engaged a lot! Spoke to the actual surveyor who was very helpful and recieved the report three days after the survey was done. And best of all no remedial work required!
so it was good news. 0 -
Here's the list of independents for anyone looking for a timber and damp surveyor in their area;-
http://www.independentdampsurveyors.co.uk/I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.7K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.3K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards