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Stairs in a bedroom to loft, can room with stairs in still be classed as a bedroom?
Comments
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Don't get the lenders criteria confused with anything more than being the lender's criteria.
They don't want to call it a bedroom? They don't have to.
You do? Fill your boots.
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No and who knows 🤷🏼♀️ That’s what I’m trying to figure out by asking here 🤣moneysavinghero said:Whether it is or not a bedroom is academic. Your bank says it is not and has valued it accordingly. Do you have enough deposit to make the down valuation irrelevant? Or can you find a new mortgage provider who will value it differently.
Is it the norm that for the purpose of a valuation stairs to a “loft space” effectively null and void the bedroom in which they are located?If so there would be little point applying elsewhere just to pay for yet another valuation to receive the same response.FTB 85% LTV Employed Previous furlough/flexi furlough (no furlough since 9/2020
offered 11/5
best & finals 12/5 (we stuck with our original offer)
Offer accepted 13/5
AIP 17/5
Full application submitted Santander 17/5
Hard Credit check 17/5
Valuation instructed 19/5
valuation completed 25/5
mortgage offer received 25/5
buildings survey completed 1/60 -
Don't get the lenders criteria confused with anything more than being the lender's criteria.
They don't want to call it a bedroom? They don't have to.
You do? Fill your boots.
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Or you could just use the valuation as justification for lowering the price.0
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I think it’ll be a trilogy so personally I’d wait for the movies!Norman_Castle said:
Can't wait for the next update. Its a quandary, should I continue reading or wait for the movie to come out?Madhouse2_2 said:
🤣 yes and it’s only getting longer with the continuing issues!greatcrested said:If there is a bed in the room, it is a bedroom.(you must win prize for longest signiture ever)FTB 85% LTV Employed Previous furlough/flexi furlough (no furlough since 9/2020
offered 11/5
best & finals 12/5 (we stuck with our original offer)
Offer accepted 13/5
AIP 17/5
Full application submitted Santander 17/5
Hard Credit check 17/5
Valuation instructed 19/5
valuation completed 25/5
mortgage offer received 25/5
buildings survey completed 1/60 -
davidmcn said:Or you could just use the valuation as justification for lowering the price.
Of course that was our initial reaction but there’s a £27,000 difference and they’re not budging they’re insisting the valuation is wrong.teachfast said:
Exactly thisdavidmcn said:Or you could just use the valuation as justification for lowering the price.We’re actually now veering towards walking away as they can’t show us anything to support the value which the sale was agreed at 🙄 so we expect to get the same response from the next surveyFTB 85% LTV Employed Previous furlough/flexi furlough (no furlough since 9/2020
offered 11/5
best & finals 12/5 (we stuck with our original offer)
Offer accepted 13/5
AIP 17/5
Full application submitted Santander 17/5
Hard Credit check 17/5
Valuation instructed 19/5
valuation completed 25/5
mortgage offer received 25/5
buildings survey completed 1/60 -
If you can't afford it with the down valuation then wave a cheery farewell and start a new search (and new signature to document it).0
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