Homebuyer Survey - Opinions Please :)

stuart45

That band of brickwork that runs between the frames is the most prone for shrinkage and thermal cracking as it's the longest run of brickwork. When there is a foundation problem the cracks will usually continue down through the DPC and into the masonry below.
As this is a terraced house there is a really long run of brickwork there, although it should be broken up with movement joints.

TXC

thanks! that would make sense as to why the rest of the terrace has cracks in the same places (unless I've misunderstood)

hopefully the GSI comes back without a "condemned" notice!

stuart45 said:

That band of brickwork that runs between the frames is the most prone for shrinkage and thermal cracking as it's the longest run of brickwork. When there is a foundation problem the cracks will usually continue down through the DPC and into the masonry below.
As this is a terraced house there is a really long run of brickwork there, although it should be broken up with movement joints.

TXC

Hi all

Update: I've just had a conversation with the surveyor and he said there are big concerns at the cracking given the age of the house and that is basically shouldn't be happening and could cost £5k - £6k, alongside the windows which will need replacing soon the lintels would also probably need to be replaced as they look corroded. Said that off the record he wouldn't buy it unless it was c. £50k under market price which is kind of all I need to hear!

Sucks but I'd rather know now than be tied to it with a mortgage

So, more questions

How do I pull out? Is it as simple as letting the EA and my solicitors know? How do I let the mortgage company know? Am I able to put my mortgage application "on ice" as it were until I find another house?

Thanks!

TXC

bumping (sorry)

warwick2001

TXC said:

Hi all

Update: I've just had a conversation with the surveyor and he said there are big concerns at the cracking given the age of the house and that is basically shouldn't be happening and could cost £5k - £6k, alongside the windows which will need replacing soon the lintels would also probably need to be replaced as they look corroded. Said that off the record he wouldn't buy it unless it was c. £50k under market price which is kind of all I need to hear!

Sucks but I'd rather know now than be tied to it with a mortgage

So, more questions

How do I pull out? Is it as simple as letting the EA and my solicitors know? How do I let the mortgage company know? Am I able to put my mortgage application "on ice" as it were until I find another house?

Thanks!

Yes, to pull out tell the EA that you are withdrawing your offer. And let your solicitor know. And let your lenders know, just ring them and let them know the craic (pun intended.....). They shouldn't have any problems with this, happens all the time. 

In regards whether your mortgage offer will be 'put on ice', have the conversation with them. They will advise their policies in this matter. 

TXC

warwick2001 said:

TXC said:

Hi all

Update: I've just had a conversation with the surveyor and he said there are big concerns at the cracking given the age of the house and that is basically shouldn't be happening and could cost £5k - £6k, alongside the windows which will need replacing soon the lintels would also probably need to be replaced as they look corroded. Said that off the record he wouldn't buy it unless it was c. £50k under market price which is kind of all I need to hear!

Sucks but I'd rather know now than be tied to it with a mortgage

So, more questions

How do I pull out? Is it as simple as letting the EA and my solicitors know? How do I let the mortgage company know? Am I able to put my mortgage application "on ice" as it were until I find another house?

Thanks!

Yes, to pull out tell the EA that you are withdrawing your offer. And let your solicitor know. And let your lenders know, just ring them and let them know the craic (pun intended.....). They shouldn't have any problems with this, happens all the time. 

In regards whether your mortgage offer will be 'put on ice', have the conversation with them. They will advise their policies in this matter. 

thank you

TXC

hi all - me again

Ive instruructed solicitor to cease and said I wont be going ahead, I've sent an email to EA but not had an acknowledgment, do I need to chase this in or is acknowledgment from my sol enough?

thanks

T