Following issues highlighted on the homebuyers survey, our seller offered to knock £1000 off the sale price to account for the cost of fixing some damp issues.
My mortgage advisor seems to think the seller can simply transfer the money into our account, to save us having to do a whole new mortgage application, however my solicitor said this isn't possible as- 'I also act for your lender and any incentives would have to be disclosed to your lender. If the lender was not advised of this and they carried out an audit they could withdraw your mortgage offer due to lack of disclosure. '
Has anyone had a similar issue and how did you sort it quickly? I think we are close to setting a date, so I'm reluctant to do a new mortgage application for the sake of £1000!
Thanks 😊