Please help £0 valuation by Halifax even though they currently mortgage property for £60k

AdrianC

redsnooker90 said:

AdrianC said:

Assuming the spray foam was there in 2012, and hasn't been added since, was it flagged on your survey at the time? Attitudes to things like that change over time, too, as people get more experience of the long-term effects.

It was flagged as being there but not an issue for lending or anything that i needed to rectify

So there y'go. You knew it was there, so there's no omission that you can chase anybody up over.
It's simply that the Halifax have changed their criteria over time, and aren't happy with the same things they were eight years ago.

John_

redsnooker90 said:

AdrianC said:

Assuming the spray foam was there in 2012, and hasn't been added since, was it flagged on your survey at the time? Attitudes to things like that change over time, too, as people get more experience of the long-term effects.

It was flagged as being there but not an issue for lending or anything that i needed to rectify

Then hopefully another lender will be OK to lend. Your best bet is likely to be to try an independent mortgage broker who will know which lenders to apply to.

GDB2222

davidmcn said:

redsnooker90 said:

do you think i would be able to make a claim against them for compensation or for them to reduce the mortgage?

No, if the Halifax's surveyor advised the Halifax it was ok to lend, you don't come into that at all.

If you had had your own survey carried out (did you?) and that survey had failed to pick up on the defective construction then you might have a case.

You might be better to contact a broker and see if other lenders are likely to be more relaxed about it.

Surely, that’s incorrect? See Yianni v Edwin Evans, where the court held the valuation surveyor liable in tort to the home buyers. 

davidmcn

GDB2222 said:

davidmcn said:

redsnooker90 said:

do you think i would be able to make a claim against them for compensation or for them to reduce the mortgage?

No, if the Halifax's surveyor advised the Halifax it was ok to lend, you don't come into that at all.

If you had had your own survey carried out (did you?) and that survey had failed to pick up on the defective construction then you might have a case.

You might be better to contact a broker and see if other lenders are likely to be more relaxed about it.

Surely, that’s incorrect? See Yianni v Edwin Evans, where the court held the valuation surveyor liable in tort to the home buyers. 

Given the further info now provided by the OP I don't see that it's relevant anyway.