Advice needed from a Buildings Surveyor please
Discussion
Hi All
I've recently agreed the purchase of a large (6000sqft), 300 year old property. However I am concerned that it will struggle with the habitability criteria on the mortgage survey.
The house has a basic kitched and bathroom, mains water and electricity. However it requires some underpinning to a later annex and significant work to the roof. There have been running roof leaks for some time, causing internal damage. These have been more or less stopped, following some basic maintenance by the current owner, but the internal damage remains.
I'm looking at a 50% loan to value and have £50,000 in cash kept back to sort out the roof and internal damage, once and for all.
With this information, is there a surveyor out there who may be able to take a view on this, or at least offer some tips as to what criteria is used when assessing habitability?
The survey will happen next week, but I could do with knowing where we may be heading with it.
Many thanks.
I've recently agreed the purchase of a large (6000sqft), 300 year old property. However I am concerned that it will struggle with the habitability criteria on the mortgage survey.
The house has a basic kitched and bathroom, mains water and electricity. However it requires some underpinning to a later annex and significant work to the roof. There have been running roof leaks for some time, causing internal damage. These have been more or less stopped, following some basic maintenance by the current owner, but the internal damage remains.
I'm looking at a 50% loan to value and have £50,000 in cash kept back to sort out the roof and internal damage, once and for all.
With this information, is there a surveyor out there who may be able to take a view on this, or at least offer some tips as to what criteria is used when assessing habitability?
The survey will happen next week, but I could do with knowing where we may be heading with it.
Many thanks.
Just a quick query, but how have you come to the conclusion that the annexe needs underpinning?
If there is an underlying issue that is causing the annexe to subside, then it should be possible to remove the issue, be it broken/leaking drains on non cohesive soils or trees on heavy clay soils and this should allow the annexe to stabilise without the need for underpinning.
If there is an underlying issue that is causing the annexe to subside, then it should be possible to remove the issue, be it broken/leaking drains on non cohesive soils or trees on heavy clay soils and this should allow the annexe to stabilise without the need for underpinning.
Normally I would expect the surveyor to recommend a retention based on the offset of the cost of remedial works on the advance.
The defects would usually have to be pretty bad to make the property unmortgageable (In 23 years of practice, I've only once advised that a property is only worth cleared site value less demolition costs)
The defects would usually have to be pretty bad to make the property unmortgageable (In 23 years of practice, I've only once advised that a property is only worth cleared site value less demolition costs)
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