TSB Valuation

Jonesy8711

Hi,

We have recently had a valuation back for the house we wish to purchase but I have concerns about a few things. I know I should speak to my solicitor but wondered if I'm worry for no reason.

The property is in an acceptable condition for lending purposes at £124000 which is the offer we had accepted.

Will the 'Matters Affecting Value' and 'Matters for Your coveyancer' affect the sale of the property or are they just pieces of advice?

For example, one of the comments is "internal walls have been removed and remaining sections may be inadequately support. you may need specialist advice"

And in the conveyance section, it says, "the property has been altered and extended and checks should be made to confirm whether all necessary permissions and consents were obtained"

It doesn't say which walls have been removed, from what I can see it could mean the kitchen/diner or it could mean the external workshop but this isnt attached to the house.

Thanks in advance,
Just trying to put my mind at rest,
Lee

G_M

Jonesy8711 wrote: »

Hi,

The property is in an acceptable condition for lending purposes at £124000 which is the offer we had accepted.
so your mortgage will be approved and you are paying the right sort of price (it's not an exact science)

Will the 'Matters Affecting Value' and 'Matters for Your coveyancer' affect the sale of the property or are they just pieces of advice?
Advice/information

For example, one of the comments is "internal walls have been removed and remaining sections may be inadequately support. you may need specialist advice"
You must decide whether to
* ask the seller about this
* ask for Buildings Regulations certification
* instruct a structural engineer to investigate further
* hope the required support is there (how long ago were the walls removed?) and just proceed


And in the conveyance section, it says, "the property has been altered and extended and checks should be made to confirm whether all necessary permissions and consents were obtained"
As above
* how long ago was it altered?
* ask seller about planning permission?

It doesn't say which walls have been removed, from what I can see it could mean the kitchen/diner or it could mean the external workshop but this isnt attached to the house.
ring surveyor and ask him.

Lee

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Jonesy8711

Thanks for your quick reply!

My main concern was that it would affect the mortgage or prevent us from buying the property. We already have funds allocated to replace the asbestos roof on the workshop so didn't want anything to get in the way.

I will speak to the surveyor tomorrow and see what he is talking about. I have looked at the previous sale for the house and everything on the images is the same as it is now (prev sale was over 5 years ago).

If it is the wall in the kitchen, according to a friend, there is an RSJ which should provide enough support.

Thanks again

kinger101

Jonesy8711 wrote: »

If it is the wall in the kitchen, according to a friend, there is an RSJ which should provide enough support.

Does your friend have x-ray vision?