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Please help! Mortgage on house with underpinned conservatory???
Emmyflowers
Posts: 16 Forumite
We are in a chain trying to buy a house.
It's been nearly 9 months!
Long story short top of chain fell so our sellers are buying a different house.
We are just at the end and its found the house they are buying had some underpinning 1.5 years ago after a neighbours bush caused some damage.
It was a successful insurance claim. All sorted all signed off and certificate to say all fine.
So our sellers had to send this off to mortgage company along with new buildings insurance.
My question is will they get the mortgage?
Help!!!
It's been nearly 9 months!
Long story short top of chain fell so our sellers are buying a different house.
We are just at the end and its found the house they are buying had some underpinning 1.5 years ago after a neighbours bush caused some damage.
It was a successful insurance claim. All sorted all signed off and certificate to say all fine.
So our sellers had to send this off to mortgage company along with new buildings insurance.
My question is will they get the mortgage?
Help!!!
0
Comments
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Bump******0
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Who knows? Mortgage lenders will want to ensure that buildings insurance will still be available to a potential buyer at a reasonable rate & not a ridiculously high figure.The bigger the bargain, the better I feel.
I should mention that there's only one of me, don't confuse me with others of the same name.1 -
They have secured buildings insurance no problem.0
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Your title says it's the conservatory that's been underpinned. A conservatory isn't necessarily part of the house and isn't typically built to housing standards, which is probably why its foundations failed. In other words, it may well be ignored by the lender. Conservatories add little value and are usually regarded as temporary structures.
2 -
Thank you for your reply
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