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Recommended retention: Who is the best person to speak to ???

edited 1 November 2013 at 12:13AM in House Buying, Renting & Selling
4 replies 695 views
ItsyBitsySpiderItsyBitsySpider Forumite
96 Posts
edited 1 November 2013 at 12:13AM in House Buying, Renting & Selling
Sorry for posting so many questions recently regarding the purchase of the property but I could really do with some advice please. The mortgage valuation report has come back with a recommended retention of £2000. Repairs are recommended as a condition of mortgage for a leak in the flat roof of an extension.

Our preference is to get the repair/renewal done by the vendor. We don't have any direct contact with the seller. There is no chain involved. Should we talk to the estate agent or through our solicitors?

Replies

  • G_MG_M Forumite
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    Our preference is to get the repair/renewal done by the vendor.
    Why? they will get Joe down the pub to slap on some ultra-thin felt & sprinkle some cheap shingle on top in return for £50 in his hand. He'll even throw in an impressive looking home-produced 'invoice', with warranty, showing £2000.

    Is that really what you want?
  • MickyggMickygg Forumite
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    Plus the vendor may not do the repair anyway as you could pull out at any point.
  • G_M wrote: »
    Why? they will get Joe down the pub to slap on some ultra-thin felt & sprinkle some cheap shingle on top in return for £50 in his hand. He'll even throw in an impressive looking home-produced 'invoice', with warranty, showing £2000.

    Is that really what you want?


    Thanks for your reply. What you say makes sense really, does that mean I should try to get the price reduced. Back to the real question, who to talk about this ?
  • G_MG_M Forumite
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    If you want to use an intermediary in price negotiation, use the estate agent. They earn enough- make them do some work!

    To avoid being 'flannelled' by the agent, do it in writing, enclosing a copy of the relevant bit of the mortgage offer/survey report (NOT the whole of this personal document).
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