Cant get mortgage, Cash only help

Dream_house

Hi all,
I've been reading the forum for a while now but this is the first time I've needed help and I'm not sure what is best to do or where I can look.
Some back ground.
Me and my partner are both 28 engaged and in full time employment. we have lived together for the last 4 years and overpaying the current mortgage buy £330 per month and saving a further £200 per month I would say our finances are good. Our joint income after tax is £4,500 per month and using the budget planner our spending is now around £3,000 including overpayments and savings.
we have £94,000 left to pay on the mortgage and we estimate the house would sell for £185,000 (will get a valuation)
We have £11,000 in savings and I have recently inherited £62,000
My parent have said they will be able to lend us £70,000

Ok now that all of that is out of the way the problem.
Me and my partner have seen our dream home its a grade 2 listed building that is beautiful and we have both fallen in love with it. It was for sale for around £320,000 however a structural engineer has reported that a wall needs a tie bar installing and subsequently a mortgage can not be obtained until this is done. The current owner is unable to / unwilling under any circumstances to have this done prior to sale limiting the house to a cash only buyer.

My first question is how much less would people suggest that we offer given that the house now cant be mortgaged and is limited to cash buyers ?
My second question is between savings, equity in our current house, and the money my parents can lend us, we have £143,000 in savings and £91,000 in equity what would people suggest is the best method to get the extra money required to buy the house. This would only be required until repair work is complete and the house can be mortgaged.
I have found my credit score on Experian is 985 and there look to be no issues with my file if this helps. We have also worked out extra running cost compared to our current home and this doesn't look to be a problem.

We realise this is a risk that most people would not be willing to take and understand what we are taking on and the risk, however for us the potential reward outweighs the risk.
looking forward to hearing from people

Guest101

Your first step (and possibly last step) is to get an engineer in who is able to restore Grade 2 listed buildings and see if it's a: possible, b: affordable.

The reason the current owner isnt willing to do it is probably because the listing prevents the use of certain materials, and is too expensive to actually do.

ReadingTim

If the owner was serious about selling, then I would have thought that as soon as it was known that the property was unmortgagable and they were unwilling to do the necessary work to change that, the price would be dropped by the approximate cost of the remedial works, and such disclosures made to potentially interested parties.

I would therefore contact the EA for an indication of the new asking price and see if that's remotely near what you can afford, otherwise you're simply dreaming. I wouldn't place too much of a premium on being a cash buyer because so will your competition, and there might be a reasonable amount of it, if the property's as nice as you seem to think it is...