Would you view it?

StumpyPumpy

jc808 wrote: »

on the other side of the coin:

could this 'retention - unmortgageable' thing be a fiction concocted by a nefarious EA with a BTL friend who lines his pockets with brown paper envelopes....

'You dont want that one, guv'

Or the third side of the coin: a nefarious EA who lies about there not being a retention on the property to persuade you to go and view thinking that you have already "fallen in love with it" so will pull out all the stops to buy it once seen and the retention mysteriously resurfaces.

AlexMac

AnnieBox wrote: »

Having a little dilemma at the moment, I have seen the house and fallen in love...but a concern has been raised by the agent .. the EA mentioned that the house was offered on in a previous sale with a mortgage and the mortgage had full retention (so the) sale fell through.

But now they say -"oops; maybe we were talking about another house..." So they have maybe lost their client a sale... or at least threatened it?

EAs. Doncha luvvem!

Pete9501

I would buy this house if; the cost of the big ticket items plus the inconvienence of living in a building site for a year gives sufficient profit to make it worth my while, like £20,000. I did something similar 10 years ago in nearby Fareham.

Just thinking of some of the big items, like kitchen self build £3000 (Wicks). Boiler say £3000 though can't see many radiators in the house so may not have central heating. Decorating self help £1000. Wiring £3000 and carpets £3000. Roof looks like its been done in the past which is good news.

Good news is Toolmart are just over the road.

Worth taking a drive by in the evening to see what the car parking is like when everyone is home from work. However, we have friends in North End and they manage with two cars on a similar road okay.

jbainbridge

AnnieBox wrote: »

The vendor wants all potential buyers to be financially verified before viewings

Er no ... the EA wants to see what you are good for and to sell you something!

I think it highly unlikely the vendors are interested.

suestew

I can totally see why you have fallen in love with this, i too love old properties. We recently purchased a property in the same state as this, you have to see past the old d!cor but know how much things will cost you will have to do everything and it's not cheap. We have spent a lot of money on ours but we have got it how we like it and will not be moving for a very long time, if at all so it's not money wasted.

Also, we went to view our property and it didn't have a photo of our bathroom, mainly because if was vile LOL, as long as there is not structural damage I think old properties like this are worth the time, money & effort.

Good luck :-)