We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Would this put you off proceeding
wateva
Posts: 47 Forumite
Hi All,
Our lender cannot give us a valuation as property shows structural movement. I enlisted the guidance of the structural engineer and he found stair case type cracks in the mortar at the rear of the property by the kitchen drains which he believes is caused overflow of guttering that he thinks is perhaps now fixed as there is no overflow. Technically I don't know if this is officially classified as subsidence but would like to know would this put you off from proceeding?
Our lender cannot give us a valuation as property shows structural movement. I enlisted the guidance of the structural engineer and he found stair case type cracks in the mortar at the rear of the property by the kitchen drains which he believes is caused overflow of guttering that he thinks is perhaps now fixed as there is no overflow. Technically I don't know if this is officially classified as subsidence but would like to know would this put you off from proceeding?
0
Comments
-
Your engineer is the person to consult for further questions.
If this is going to worry you when you own the property is it worth it though?I 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 -
If the lender can't give you a valuation, who is going to provide the funds for the purchase?Changing the world, one sarcastic comment at a time.0
-
The key here will be how much you want the house and how much the structural report will be.0
-
Yes it would put me off buying the property.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards