Over 90% of buyers in the open market need a mortgage, which means having a dreaded house survey or mortgage valuation. A surveyor can down value a house, place a retention for works or hold a full retention until specialist reports are carried out with further investigation into the problem property defects. We don’t require a survey before the sale, speeding the process up.
Unmortgageable property
Some lenders, banks and building societies will refuse a mortgage and decline to lend money to the buyer to buy your house. Certain houses face problems with mortgages, for example, if they are ex-council, converted from commercial or office buildings, non-standard construction, etc.
Property Problems cause negative survey
Selling to a buyer who needs a survey and mortgage will highlight problems with your house that you may not have been aware of. Survey reports can scare buyers off, and they may reduce their offer or walk away from the deal.
Many of the common problems found by surveyors have caused other homeowners to sell to us in the past, including problems like dry rot, structural defects, illegal extension conservatory or conversions with no planning permission, etc.
The Zero Survey
If you have a property to sell and it has been zeroed or failed survey for any of the below reasons contact 365 Property Buyer for a cash offer:
- Retention
- Down valuation
- Nil value
- Mortgage declined
- Unmortgageable
- Not suitable for mortgage lending
- Not suitable security for mortgage purposes
- Non-traditional construction
- Japanese Knotweed
- Asbestos
- Contaminated land
- Collapsed drains
- Mine shaft
- Structural issues
- Cracking
- Wood worm
- Dry rot
- Wet rot
- Mould
- Damp
- Ex-council house
- Next door to commercial property
- Contaminated land
- Flooding
Sell my house online
Sell a house fast and free online to 365 Property Buyer. Using our free instant online offer tool.
