Blown Concrete Laing Easiform

Takaty

Hi,

Am FTB, and currently looking to buy a property. It's non standard construction (in situ concrete). The current owner has left cracks in the render for at least 6 years, it's allowed water into the cracks which has rusted the rebar and blown the concrete. We are trying to get quotes to repair the damage to renogiate the price.

We are worried that no-one would want to buy from us in the future. We had no issue with the mortgage valuation but I'm not sure they even looked at the house. We are in a popular city and houses don't usually hang around long. Do we need to discuss this with the lender in case they decide the house isn't mortgageable after all? Should the concrete issue be a deal breaker?

Thank you

m0bov

If you had a valuation and got an offer your good to go. Try and find a local surveyor and builder. Get a quote. Knock that off price.

AdrianC

The lender will get a valuation, which will tell them whether the property is suitable security for their money. It's unlikely the surveyor won't notice that - so there's no way you can hide it from them.


Easiform is non-standard, but it's not "defective". However, any competent surveyor will recognise it immediately, and will know what to look for.


I hope the place is cheap, very cheap.

Takaty

Thank you.

It's cheap for the area but I'm worried that it's still too expensive for what it is. The surveyor said costs could be anything from £2k to £8k but we are having trouble getting an actual estimate from someone to do the repairs.

I think we might end up walking away which is a shame as it has so many of the things we were looking for.

Smodlet

Since it is non-standard, are you sure it is actually mortgageable? Many such properties are not.

Takaty

We found out it was non-standard from the mortgage lender. They valued it at the asking price and gave us our mortgage offer. I noticed it said non-standard and so we got a full survey as a result.

I think the lender must have just thought that the price was fair for our city without looking at the structure of the house. The cracking at the back is pretty obvious.

m0bov

One lender will say its non standard, another will say its standard. We have a townhouse, crossed walled construction. One lender refused point blank, another valued it no problem with no mention of the build type.