Mortgage and title issue

[househunter22]

We are considering buying a house with boundary issues. The vendor has it in the contract that they will not remedy any boundary issues prior to selling. We have spoken with neighbours/other parties involved and they are happy to rectify the boundary issues. Will this affect our ability to get a mortgage? Can the other parties sign something to say they will rectify this when we become owners that will satisfy the banks?
Also, some planning conditions were not met. A surveyor said they can provide a letter for the bank to say we could resolve these within two months for 5k. Will this also affect ability to get a mortgage?
Thanks in advance

 

[cremeegg]

AFAIK the answer to your question is Yes.

The bank will not look at this until both issues are resolved.

 

[Dr Strangelove]

Will this affect our ability to get a mortgage?

Yes. There are several threads to this effect on AAM.

I had relatives with a sale held up for most of a year due to boundary issues. Purchaser’s lender insisted on it and it needed an engineers’s report, a declaration by a neighbour, and a Land Registry rectification.

 

[Johnno75]

The bank will expect its security to attach to a property with good marketable title, so in the event that you default, they can acquire a saleable asset.

Planning and boundary issues impact the marketability of the property so a bank won’t advance funds in this instance unless the issues are sorted.