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- 17 Aug 2021
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Hello,
we went and viewed a house that came back on the market.
it’s a Victorian house around 125 years old. The person who brought it before had their mortgage valuation which was accepted but then got their own survey and there is a crack at the back of the house so they pulled out.
The Seller was completely honest with us and have gone through their insurance to get them to look at the crack they will monitor it and then go from there. The crack is external only not very wide and is vertical but not completely straight.
Because the seller is going through their insurance they have said they will get it fixed and will have their solicitors and ours draw up something in the contracts to cover both parties?
we are waiting to see if our mortgage is accepted then will pay for our own survey to check there is t anything else that we should know.
do you think our mortgage company will give us a mortgage and will be happy if we have in writing the vendor will be sorting out the structural issue if there is one?
someone mentioned getting indemnity insurance to cover ourselves regarding the crack?
any advice regarding everything would be muchly appreciated.
we went and viewed a house that came back on the market.
it’s a Victorian house around 125 years old. The person who brought it before had their mortgage valuation which was accepted but then got their own survey and there is a crack at the back of the house so they pulled out.
The Seller was completely honest with us and have gone through their insurance to get them to look at the crack they will monitor it and then go from there. The crack is external only not very wide and is vertical but not completely straight.
Because the seller is going through their insurance they have said they will get it fixed and will have their solicitors and ours draw up something in the contracts to cover both parties?
we are waiting to see if our mortgage is accepted then will pay for our own survey to check there is t anything else that we should know.
do you think our mortgage company will give us a mortgage and will be happy if we have in writing the vendor will be sorting out the structural issue if there is one?
someone mentioned getting indemnity insurance to cover ourselves regarding the crack?
any advice regarding everything would be muchly appreciated.