Second valuation required?

JMR

Registered User
Messages
297
Here's the situation........
In the process of purchasing a property, contracts not signed yet.
The lenders valuation report states that proof must be provided that the attic conversion complies with building regs.
While not a construction professional, I am quite aware that the attic conversion doesn't comply with the regulations for a habitable space and am quite happy with this.
The vendor has come back with an architects cert to say that it does comply!
My solicitor is of the opinion that we must either get this cert amended to reflect what I believe to be the truth or employ an independent architect to carry out an inspection.
If this is what is legally required I have no problem but what are the chances that this will prompt the lender to carry out a second valuation on the property which may come in lower than the original?

It must be noted that the valuation report describes the property as a 3 bed, which it could be even without the attic conversion as the garage is converted and could be used as a bedroom.

Thanks
 
You could then negaoiate the price down and save on the amount you would need to borrow.
 
So you know it doesn't comply BUT you have some one who has provided a false document to say it does?

You must have no morals if you believe that its OK to submit a false document.

Steady on.....
The architects cert has been provided to my solicitor by the vendors architect. The question I have is whether my non-qualified opinion should overrule that of a qualified architect and prompt me to demand a second independent architects inspection!

I don't appreciate your comments on the state of my morals when you obviously haven't even bothered to read my post properly!
 
That's NOT what he said at all!

OP I would suggest you must be 100% happy with any official documents as you are effectively buying any problems. A re-valuation may be no harm as you could re-negotiate.
 
I missed the word vendor in your text.....whoops....apologise!!

Get it revalued.