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Mortgage- Fixer Upper

2daughters · 2021-03-15 20:44:34

Hi - I have gone sale agreed on a house which is in need of some work. The bank requested a survey which has been completed and I now need to get an estimate for prove to the bank that I have the funds to complete the work. The problem is it is proving extremely difficult to get a quote for the work. In normal…

15-03-2021 8:44pm

#1

2daughters

Registered Users, Registered Users 2 Posts: 2 ✭

Join Date: December 2019

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Hi - I have gone sale agreed on a house which is in need of some work. The bank requested a survey which has been completed and I now need to get an estimate for prove to the bank that I have the funds to complete the work. The problem is it is proving extremely difficult to get a quote for the work. In normal circumstances once level 5 restrictions are lifted how would I go about getting a quote to fulfill the bank’s requirements?

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Comments

#2 16-03-2021 11:07am

BryanF

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Posts: 9850

Ask the bank will a report from a chartered quanity surveyor satisfy requirements

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#3 25-03-2021 10:30am

Pete_Lee

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Join Date: September 2020

Posts: 11

My bank looked for that last year and the engineer who did the structural report did up a rough costings that they accepted. Just a word of warning on this - the bank will probably hold back that estimated amount and expect you to have the money to buy the house and do the required work (i.e. double this estimate) so speak very nicely to the engineer!

Pete

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