We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
mortgage survey -legal position
Options
PHOEBE_2
Posts: 12 Forumite
:)Hello
Can anyone preferably a mortgage lender or broker help with an answer please.
If i or the other louseholders in our complex put the houses up for sale in the future and the buyers ask if work has been done and they will be entitle to get descriptions and guarantees of the job and will affect the sale of the property.
If Dry rot has been treated by two different firms in the two flats directly affected (one a builder who will not give a specialist guarantee - only a year for materials and the other a specialists will not either because part of the work has been done by the first firm)
What is the likelihood of questions from two sources, i.e. Buyers legal advisors and also from their mortgage lenders (valuation survey). And how would that potentially effect the sale of the house. Ask advice from independent mortgage broker. Also if the law changes to put responsibility on the owners for a survey to be carried out then all buyer will be made aware of the no guarantee position.
This is a converty property exitingof eight flatsd in a mutual repair situation.
Thanks for any information. Pat
Can anyone preferably a mortgage lender or broker help with an answer please.
If i or the other louseholders in our complex put the houses up for sale in the future and the buyers ask if work has been done and they will be entitle to get descriptions and guarantees of the job and will affect the sale of the property.
If Dry rot has been treated by two different firms in the two flats directly affected (one a builder who will not give a specialist guarantee - only a year for materials and the other a specialists will not either because part of the work has been done by the first firm)
What is the likelihood of questions from two sources, i.e. Buyers legal advisors and also from their mortgage lenders (valuation survey). And how would that potentially effect the sale of the house. Ask advice from independent mortgage broker. Also if the law changes to put responsibility on the owners for a survey to be carried out then all buyer will be made aware of the no guarantee position.
This is a converty property exitingof eight flatsd in a mutual repair situation.
Thanks for any information. Pat
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards