Hi all
Am in a bit of a pickle with my house purchase. I would appreciate opinions on a number of issues so please bear with me if this seems long-winded.
Sale agreed and approaching contract signing stage on a red brick Dublin property which is approximately 100 years old. It has, however, undergone significant/complete refurbishment in recent years. As part of my mortgage approval with BOI I was required to carry out and forward to them a building survey.
The survey has not identified any major structural issues and in fact finds the house in good condition. It does, however, identify the need for some minor repairs to the roof (in good condition) such as ventilation slates and repairs to lead flashings. It also asks for inspection of the drains, a manhole creation in the patio, and inspection of the chimney. There are a few other things but nothing outrageously big.
The issue is that the surveyor costed these things at 10-12k. The underwriters want evidence of these funds before giving mortgage (which currently I do not have). I have attempted to get the underwriters to look at the list of suggested repairs to see that nothing is urgent or structural but to no avail.
I have enlisted a builder to hopefully give me a more palatable quotation, and have also asked a mortgage broker to see if I can get a mortgage offer from another bank without needing the repair funds.
My question is, has anyone managed to escalate issues through a bank to get a common sense decision? If there was an unsafe structural issue I could understand the reluctance but this is a bit much. I must add that I can source the extra funds, but would prefer not to.
Am in a bit of a pickle with my house purchase. I would appreciate opinions on a number of issues so please bear with me if this seems long-winded.
Sale agreed and approaching contract signing stage on a red brick Dublin property which is approximately 100 years old. It has, however, undergone significant/complete refurbishment in recent years. As part of my mortgage approval with BOI I was required to carry out and forward to them a building survey.
The survey has not identified any major structural issues and in fact finds the house in good condition. It does, however, identify the need for some minor repairs to the roof (in good condition) such as ventilation slates and repairs to lead flashings. It also asks for inspection of the drains, a manhole creation in the patio, and inspection of the chimney. There are a few other things but nothing outrageously big.
The issue is that the surveyor costed these things at 10-12k. The underwriters want evidence of these funds before giving mortgage (which currently I do not have). I have attempted to get the underwriters to look at the list of suggested repairs to see that nothing is urgent or structural but to no avail.
I have enlisted a builder to hopefully give me a more palatable quotation, and have also asked a mortgage broker to see if I can get a mortgage offer from another bank without needing the repair funds.
My question is, has anyone managed to escalate issues through a bank to get a common sense decision? If there was an unsafe structural issue I could understand the reluctance but this is a bit much. I must add that I can source the extra funds, but would prefer not to.