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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.
Gewürzt
Hefty
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.