Nationwide - FT solo Buyer of a Wimpey No-Fines Property Advice Please? Anxious

sunshine_42

Nationwide - FTB Wimpey No-Fines Property Advice Please?

A little Advice Please Nationwide FTB (Solo) Wimpey No-Fines Property

Good Morning everyone - a nervous first time solo buyer here looking for some advice from people with similar expereinces.

• Bit of background...

• DIP - Approved

• Application Submitted - Received

• Valuation isntraucted - in person completed

• Waited and had nothing from bank in a week then i got a call yesterday for a 2nd Valuation to take place tomorrow by A Nationwide area manager surveyor due to it being a Wimpy No-Fines property. He sated will only be there 20 mins and will send report as soon as he leaves the property to not prolong the process.

I am a little nervous as didn't know this could be an issue - the owners have shown me their valuation-survey from skipton 16 years ago and all was fine for them with no issues, no structural damge or repairs in 30 years since it's been in their family and has been structually sound and no cracks in walls etc.

Just wondering if this is just another box to tick with 2nd valuation by the area manager at NW, or the first survey wasn't done correctly for the property type? surely it's not dead in the water or they wouldn't do a 2nd one? Or would they?

I really want the house, its in a nice street, nice neighbours and a town i have lived most my life, so just wanted to get others experiences, my mortgage will be with Nationwide.

All houses in my area are the same build and they sell super quick - never on the market longer than a week so suely it can't be that much of an issue? Maybe i am overthinking but FTB solo buyer and just nervous.

Any advice and comments welcome, thank you in advance :-)

sunshine_42

Would appreciate any feedback from anyone - thank you. 

kingstreet

Nationwide instructions to brokers;-

Non-Standard Construction

There are many properties built using a variety of other construction methods. Lending terms vary depending on construction types and if a repair scheme, where appropriate, has been used. Please contact your usual Service Centre where a property is of non-traditional construction with the following details for further advice:

• The name of the type of construction
• Year built (if known)
• Flat/terrace/semi or detached
• Details of any repair scheme if appropriate and if the scheme applies to the whole block (e.g. the whole terrace/both semis)

The exact construction name is important as lending terms may differ between different types and year built. For example, our lending terms differ between Gregory, Gregory Drury System 3 and Gregory Housing. All three have different lending terms, and it is important to ensure you give us the full and accurate name to avoid us giving incorrect advice.

According to my guide WIMPEY No-Fines 1946, 1951 & 1954 and WIMPEY 6M, built in the periods 1940-1959 and 1960 onwards are acceptable under normal terms.