Curtley-Óg
Registered User
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- 38
Thanks @LeoWhy did the LA inspect the property?
To answer your question though, banks will always withdraw a loan offer if they become aware of any issue that might negatively affect the valuation.
@jpd thanks and yes that was my understanding too, but I can only speak from experience about the local authority process.The LA presumably inspected the property to assess it's value and situation before giving out a mortgage on it - wouldn't most lenders do this?
Ah yeah, I missed that the LA were the lender!The LA presumably inspected the property
Thanks @dereko1969 - hadn't thought of that, all creative thinking welcome! I have emailed the Local Authority to request a call with the Clerk of Works or Fire Safety Officer subsequently brought in. I think it should happen to be honest, just the wheels are turning slowly. At the end of the day, these people are professionals and there will be an issue - my only question is whether I can afford to make it right.You could make an FOI/AIE application but this could take some weeks to receive. I'd ring the Clerk of Works and ask for a copy. Don't think a Data Access Report would work as your name unlikely to be on the original report but could be another option.
Thanks @lff12! I think you're probably correct that this may be a case of lender being unwilling to lend without remediation already in place. I.e., they weren't willing for me to promise via letter to remediate any issues. I got a bit more detail back - party walls between both neighbouring properties do not meet fire regulations. So I guess this constitutes a material breach.There must be a material breach - its unusual for older properties (as I assume this is) as I think properties before a certain date didn't need an FSC. I would put in an FOI request to find out the specifics. Banks are insistent on such issues being remediated as technically such buildings are only covered by insurance if there is some evidence of having essential fire safety checks covered (there have been instances in the past where a fire occurred in an estate and insurer refused the claim on the grounds of fire safety work being inadequate or not in compliance with planning or building standards).
Delighted to hear it - I only knew because I had a vaguely similar situation with a property that I gave up on after nearly 11 months, except it was fire safety cert being missing AND PP not being in order (apartment being described as "ground floor basement" rather than an apartment in a previous retention appliation). Likewise I moved on and have an offer on another, larger, newer property now. Hope it goes better for you.Thanks @lff12! I think you're probably correct that this may be a case of lender being unwilling to lend without remediation already in place. I.e., they weren't willing for me to promise via letter to remediate any issues. I got have an a bit more detail back - party walls between both neighbouring properties do not meet fire regulations. So I guess this constitutes a material breach.
It has all moved on regardless. I had to accept the lenders decision and move on. Thankfully I've managed to go sale agreed on another, much newer, property. Just starting to engage again with the lender - fingers crossed all their checks and balances will go better this time!
Not directly, but in the case of the sale I withdrew from, my solicitor advised that a fire cert was missing from the information about the property, the vendors solicitor seemed to be unable to produced one - in the end there was actually worse issues (PP not for the correct use) but my solicitor did say that it couldn't be signed off without it (ultimately solicitors have to certify that all required documentation is in order, and this does include some evidence it meets fire safety regulations).Hello
Has anyone experience of a lender withdrawing loan approval, specifically on grounds of fire safety?
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