Q: We have our research report today and the house is valued at our offer price, but the survey shows that the front building wall is curved and as such they have devalued the price ￡ by 1000 in anticipation of the work being done. The survey shows that the wall ties problem.

I m to correct me, if the seller agrees to sell for less than ￡ offered in 1000 and so, we agree to do the job, then the mortgage lender release Our mortgage minus ￡ ￡ 1000 and late 1000 after the further work is completed?

---

A:I have just got the report back. They have valued the house at -￡1000 what we offered at it's current state. They have ticked the box saying the house will retain its value at -￡1000 less its current value but they recommend a wall tie surveyor look at the property.

So, with this, does this mean the mortgage provider will still lend us the mortgage minus ￡1000 and we can exchange?
Get a wall ties specialist to visit the house and see what needs doing. He will have to contact the estate agent to request access. If it needs wall ties and lets say they are going to cost ￡500, ask the vendor to go halvers, im sure they will. To answer your question yes they will lend you minus the ￡1000 which will be paid after completion of remedial work.

---

A:I have just got the report back. They have valued the house at -£1000 what we offered at it's current state. They have ticked the box saying the house will retain its value at -£1000 less its current value but they recommend a wall tie surveyor look at the property.

So, with this, does this mean the mortgage provider will still lend us the mortgage minus £1000 and we can exchange?

---

A:Why would they ask for a structural survey? If so who's going to pay for it? Normally on a valuation survey it might recommend you get a structural survey at your cost!!!

---

A:I have contacted the estate agent and informed them of the survey report. I haven't asked the vendor to pay for the ties (yet!) but I'm just going to see what comes of it. They may suggest that we go halves which I would be content with.

I was just wondering if this would drastically hold up the process. I am assuming it won't and we can move it when solicitor's stuff is done on the proviso that we get the ties fixed.

I'm still waiting for a copy of the report to arrive as I'm not too sure if the mortgage provider requests a structural survey to be completed.

---

A:If its just the front wall and one wall alone i think you could possibly get the ties done for ￡500 depending on the size of the wall of course (get quotes free ones). Why dont you offer to go halvers on the ties to save any arguing, personally i dont see a survey as a negotiation tool but everybody else on here seems to.

---

A:would the mortgage provider release our mortgage minus £1000 and then release the further £1000 once the work has been completed?

Yes, that is the way it works.

whether the seller will reduce the price or not is a different question.

---

Related posts

• What to do with deeds [mortgage provider] [kitchen table] (0)
• Title Deeds – who is she? [mortgage provider] [title deeds] (0)
• Stupid question about money remaining [mortgage provider] [stupid question] (0)
• Structural Report Needed (0)
• Really glad we moved . [possession proceedings] [mortgage provider] (0)