Flat interested has cracks in render. Who pays?

DTDfanBoy

[Deleted User] wrote:

I'm in pretty much the same situation as you (except no mention of helefix bars form the guy who gave me the quote - perhaps it's a smaller crack?). The quote I got was around the same, for a building of a similar description (not in the same area though, don't worry!).

My mortgage provider has put a retention on the mortgage saying that I have to get the place re-rendered within six months for them to release the full amount. My vendor has also refused to budge on price.

It is possible to get the first and second floors re-rendered and not the ground floor - I asked about that in case the ground floor leaseholder wasn't keen. But you probably would need their permission before putting up scaffolding as that would affect them.

One option I have been considering is trying to get a Green Deal loan to add external wall insulation, which would involve removing the existing render and re-rendering afterwards. As I understand it, it's possible this could pay for the whole thing, but would depend on the assessor's decision.

If you are buying leasehold it may not be a decision you are in a position to make anyway, what does your lease indicate