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Wimpey no fines not disclosed
ryantcb
Posts: 273 Forumite
We have just had a survey done on property we had offered on and was told that property was a Wimpey no fines. This has come as news to us as we had no idea, I guess being first time buyers we are wet behind the ears. We don't want to proceed with that sale but wondered if Estate agent is supposed to disclose anything like that to us? I though law changed that they couldn't omit anything that may effect our decision to buy?
Seeing as some mortgage providers won't lend on concrete houses i thought they EA might be a liberty to disclose?
Am i right it thinking this or clutching at straws?
Many many thanks
Seeing as some mortgage providers won't lend on concrete houses i thought they EA might be a liberty to disclose?
Am i right it thinking this or clutching at straws?
Many many thanks
Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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Comments
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you can still pull out but you'll lose any money's paid so far such as the survey costs.0
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you can still pull out but you'll lose any money's paid so far such as the survey costs.
Oh yes I know but mortgage application fee wasn't cheap so in all we are £2000 down. admittedly thats only small compared the amount we could have spent but it will mean we have a major set back in the house buying process.
Question is not if we can pull out but if the EA had any obligation to divulge property was of non standard construction.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
EA has no obligation to advise that a property is of non standard construction. They will have priced it accordingly as presumably the estate the property is on will have a number of concrete construction and it will be common knowledge
A concrete property is easily recognisable from looking at a picture - im surprised your mortgage advisor didnt realise and advise you of it.£2 Savers Club #156!
Looking for holiday ideas for 2016. Currently, Isle of Skye in March, Riga in May, Crete in June and Lake District in October. August cruise cancelled, but Baby due September 2016! :j0 -
An ea might not even know that a property is of non standard build & tend to go only on information supplied by the vendor. So if a vendor fails to notify an ea of any aspect of the property, or implies the property has benefits it doesn't (as often happens with leasehold properties when vendors whack a few years onto the true length of the lease), the ea cannot be held liable.
You pay a both a surveyor & a solicitor to tackle the technical & legal sides of property buying.
Also, In some areas some non standard construction properties are easily mortgageable, though I believe you sometimes have to have a larger deposit than for a standard built house as the LTV is reduced. It all depends on the lender I think.The bigger the bargain, the better I feel.
I should mention that there's only one of me, don't confuse me with others of the same name.0 -
If the EA is unaware of the exact construction type, it's difficult to see how they could be obliged to disclose it. Surveyors are expected to recognise them at a glance, but EAs aren't surveyors0
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The survey is to protect you. It uncovered something you're not happy with and you've pulled out. It may have cost you, but it has potentially saved you a fortune in the long run.
What if it had uncovered damp? Would you be upset that the EA didn't tell you about that?0
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