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Lender has requested Damp and Timber Survey
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Also posted as a separate thread...Standard91 said:Hi there,
I was wondering if anyone could share some wisdom. We are currently trying to buy a house - we offered the asking but had a down valuation of £13,000 in our RCIS Homebuyers report. We have now had a retainer put on our mortgage and requested to have an PCA evaluation of the Damp and Timber.
As we're first time buyers we are struggling as to know how to proceed. We have sourced someone to do the survey for a reasonable price, but are waiting to hear back from the vendors.
So, do we just wait until the survey is done? We have our solicitors appointed but not supplied documentation yet as we don't want to be liable for fees until we have a clear idea as to how much the vendors will go down on. We're willing to invest more of our money if the works are reasonable and affordable, or should this be a condition of the sale?
As you can see, any advice would be really appreciated.
https://forums.moneysavingexpert.com/discussion/6193733/ftb-damp-and-timber-survey-mortgage-retainer
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