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Unreasonable seller!!!

34 replies

TinaTinaTina · 02/09/2022 18:58

So im moving house. My mortgage Valuer has been and surveyed it and stated there needs to be a damp and timber report done and all remedial work done before I'm allowed my mortgage. ( I'm porting my existing mortgage, only 14k on a house worth 178).
So after said survey there's a little work to be done costing £960, half a days work.
The sellers agreed to pay half on completion BUT they won't allow access to have this done!!
Estate agents been on to them explaining that this will come up in other valuers reports if they pull out anyway. But no....they've pulled out and are hoping for a cash buyer ( even though they too could have a survey)
My house is sold and I'm desperate to get out with my little girl.

Any advice please as I think it's unreasonable and a bit crazy.
She's apparently fed-up of workmen in her home, she's had things done recently like plastering and electric works. I do understand that but jeez...I'm now in a bad situation 😕

OP posts:
Harridan1981 · 03/09/2022 16:43

Normally companies will allow this but withhold a portion until after work is complete

TinaTinaTina · 03/09/2022 17:44

Hi . I've requested that option ,we'll see!

OP posts:
IrisVersicolor · 03/09/2022 17:57

I would never allow it as a seller. I’d see it as your problem not mine.

What if they mess up the job? Or if the work is done and the mortgage fails for another reason? Or you pull out?

Cruisebabe1 · 03/09/2022 18:06

TinaTinaTina · 03/09/2022 10:42

But ive had an indepth survey so I know exactly what I'm dealing with

Walk away…

Harridan1981 · 03/09/2022 19:13

We had a load of damp work that needed doing here. Mortgage company withheld around £5k until proof of work was demonstrated at which point it was released to us.

Minimalme · 03/09/2022 19:39

What is the work?

I have never heard of a mortgage company insisting work be done before they lend (unless it's something major like I bathroom/kitchen).

ChateauMargaux · 03/09/2022 19:59

We had a mortgage company retain 2.5k on a 120k mortgage for £500 worth of work..

Swimmingpoolsally · 03/09/2022 21:57

ChateauMargaux · 03/09/2022 19:59

We had a mortgage company retain 2.5k on a 120k mortgage for £500 worth of work..

Yes generally it’s tiny; what the op,is writing is highly unusual;,whole 14 k refused on a 178k house for a grands worth of work. So I think most people,can see why the seller would be fuck off and do it when you own the house and not believing it.

it’s unfortunate for the op she’s such an unusual situation on her hands. Either way the seller has pulled out s0 it’s irrelevant

ChicCroissant · 03/09/2022 22:16

It seems very unlikely that the mortgage company would refuse to lend on the house - they may ask for a retention but even that seems unlikely if you have a very small loan to value and the mortgage is only 14K on a 178k property. If the work is only around £1k surely they don't need a cash buyer?

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