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Colleys Halifax survey
vianaut
Posts: 14 Forumite
Hi
Any advice appreciated. Had an offer made on my property which we accepted. The buyers instructed Colleys for their survey for mortgage purposes......surveyor has down valued...BUT their report has according to the agents valued the property as leasehold, with a ground rent payable annually when the property is freehold!! I've doubled checked my title docs and the land registry and I am not wrong, I own the title absolute, freehold. This has spooked my FTBS and possibly cost me the sale!! Surely it's the first thing they should check when providing a report for lending!
Any advice appreciated. Had an offer made on my property which we accepted. The buyers instructed Colleys for their survey for mortgage purposes......surveyor has down valued...BUT their report has according to the agents valued the property as leasehold, with a ground rent payable annually when the property is freehold!! I've doubled checked my title docs and the land registry and I am not wrong, I own the title absolute, freehold. This has spooked my FTBS and possibly cost me the sale!! Surely it's the first thing they should check when providing a report for lending!
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Comments
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According to the agents...
Ask the buyers for a copy of it, and then you can take it up with them/their solicitors/the surveyor.
First rule in property buying - never trust an agent.I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
second rule - never trust an agentI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Unless the surveyor thought the lease to have only a very short remaining term, the difference in value between freehold and leasehold would be minimal, if anything at all.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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