Owning your own home

What happens If we told the bank in good faith and later found out it isn’t solid bricks?

If you tell the truth to the bank and they make a mortgage offer based on that and what their valuer says then I would assume they are happy with the risk

The valuer sent on behalf of the mortgage lender should be able to tell.

Exactly this.

I wonder whether this is exactly what happened with the previous buyer who couldn’t get a mortgage. And possibly why they’ve lopped a big chunk off the price, because the surveyor said it’s worth less because of the build type.

Mortgages can be got on non-trad construction houses, so long as they’re not on a list of defective types, but not all lenders like them so you need a broker who knows what’s what.

It’s probably more likely to be trad cavity built and the EPC is wrong but there are a few warning signs so I’d check before committing.

.

.

If this is the reason for a £25k price drop then they are not being very honest, ain't they?

Who knows what the reason is but if it was unmortgageable 25k off isn't going to make a difference unless you're a cash buyer. Maybe they've reduced it because they've not had interest since they lost a buyer and interest rates went up?

It'd be pretty stupid for the estate agent to go through the whole process knowing you won't be able to get a mortgage but nothing surprises me with those bunch of useless cunts.

ah yes you are right. floorplan threw me then couldnt see anything. but guess that sort of coral coloured object to right in the picture is a toilet

what are the chances of a whole bunch of probably unrelated assessors being as lazy/dumb as each other?

Ha. Ha. Ha ha ha

Yes to all of these points!

You could also ring the energy assessor, the name will be on the report. It might be that there wasn’t a drop-down box for the actual construction type so they put solid brick as it was the closest. There are lots of things like that in energy assessments.

Who knows what the reason is but if it was unmortgageable 25k off isn't going to make a difference unless you're a cash buyer.

Most non-traditional construction types are mortgageable, there’s a specific list of defective construction types that aren’t, but it’s usually tougher, you may not get such a high loan to value or the rate might be higher, so if the previous buyer was maxing their borrowing or if the surveyor down-valued it by £25k it may have been enough to stop them getting the mortgage they needed.

The sums add up.

£1.6m house, plus £500,000 hipster tax for being on with The Modern House.

so if the previous buyer was maxing their borrowing or if the surveyor down-valued it by £25k it may have been enough to stop them getting the mortgage they needed.

Those are the scenarios that I would have assumed, my point was more that an overnight drop in price doesn't have to mean there's something disastrous wrong with the house. But @ExTra seems to have the right approach to it, far more than when we bought our place, I was fucking clueless.

Buying property in this country is such a shit show.

an overnight drop in price doesn't have to mean there's something disastrous wrong with the house.

Yes, sorry, didn’t mean to make it sound like I disagreed. The sellers may well just be keen to get going and the house could be fine.

Your broker will pretty much say anything to help you get the offer accepted, so the agent/their broker has a fair reason to chat to you directly.

It used to be more forceful, ‘you must speak/use our broker’, especially with the corporate chain agents, a bit less of that going on these days.

Of course their best case scenario is that you get on with their broker more, and you change, and their broker and the agent gets the mortgage and insurance commission that your current broker would otherwise get.

Also, if you are a real dick about their requests, it would suggest that you’re going to be a dick about other things in the purchase.

.

Their garage is bigger than our entire flat.

Spot the difference - A - B

I can't believe they're advertising the same place.

I like that the first agent puts "Leyton Village" in scare quotes. Almost like they know it's not really a thing.

It’s not exactly the same. The second one has got the saturation turned down.

Does show the importance of good [misleading?] agent photography tho.

@Howard @hugo7 @hoefla
Thanks for the replies.
I've been doing some loft boarding, and there are a few tears in the ?felt where it flaps down:

Not having much luck at the moment, as one of the fascia boards broke off in the high winds last week, only to reveal a rotten rafter tail:

4 Attachments

In addition to ^

Is there a forum-approved boiler manufacturer?
Does anyone have any recommendations out of:
Worcester 32cdi compact? Baxi 836? GlowWorm Energy 7 35C?
Thanks again

#bungalowkrew4lyf

That looks like trad roofing felt. You’ll want some more of it and some bitumen adhesive. Stick a patch over.

That’s crap news on the rafters, tho it looks like they’re not rotted back to where they’re notched onto that plate so hopefully you can ‘just’ cut off the rotten bits and add new.

I think @konastab01 is the forum boiler guru

We fit baxi stuff and have for years, its pretty good, I think WB is overrated and over priced, glow worm I avoid / valiant is the up market GW.

On the subject of boilers... For a couple of hours this morning my boiler wouldn't light. Since it is maybe 50 years old I might replace it. Any recommended boiler folk that cover EN5?