Mortage and survey
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mills705
Posts: 127 Forumite
My first time buying and I feel a bit rabbit in headlights right now so bear with me.
My mortgage has been approved (subject to valuation), got the survey back today. The valuation is the same as mortgage which is good news?
The survey was a home buyers one? So it brought up some things- a few 3's. Will these impact the mortgage offer at all? I am nervous that these will affect the offer and the sale go through as I am back with my parents now and hate it.
My mortgage has been approved (subject to valuation), got the survey back today. The valuation is the same as mortgage which is good news?
The survey was a home buyers one? So it brought up some things- a few 3's. Will these impact the mortgage offer at all? I am nervous that these will affect the offer and the sale go through as I am back with my parents now and hate it.
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Comments
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As far as the mortgage is concerned, you need only look at the mortgage report & valuation as the lender will not see the report on condition you have paid for.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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the market value matches my offer for the property but there is also re in statement cost which is higher?0
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The reinstatement cost is for insurance purposes.the market value matches my offer for the property but there is also re in statement cost which is higher?
Are there any items listed in essential repairs or requiring specialist reports, such as electrical/roofing/timber & damp etc?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
He states there are no reasons to not buy the property.
where would the essential repairs be found? I can see he recommends an electrician etc to visit but that is it?0
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