We’re in the process of buying an old house. Our mortgage provider has been out to do a valuation and is happy to lend us what we need, based on that. It’s a fairly low loan to value.
However, our buildings survey has picked up some possible structural issues we are investigating further. It’s not subsidence and appears to be a relatively easy fix, and our vendors are really keen to work with us to either get the work done before the sale, or reduce the price, so it’s not something that would cause us to walk away. Obviously we need to get quotes for the work and renegotiate price/work out a way forward, but do we need to involve the mortgage company in this? I’m not sure if we’ve done things a bit arse about face?