Hi there,
We are interested to bid on a house at auction next wed however we are struggling to get finance.
We are fine from a servicing and security point of view but the bank is not happy with a clause in the sale and purchase agreement that declares an unconsented kitchenette off one of the bedrooms.
The kitchenette contains a sink, tap and 2 element hob. We had a building inspection done today which raised no concerns about the kitchenette.
It's currently sitting with the banks credit risk dept. And we are awaiting to hear back. We want to be prepared in case they decline.
I had already attempted to get quotes for insurance for the property but that got declined due to the kitchenette so I want to see what we can do.
I was thinking a next step would be too see if we could get a variation on the sale and purch agreement stating we could get access to the property prior to settlement to remove the sink/tap and hob. Very keen to hear if others have better ideas.
We are very keen on this house but worried we won't have our finance sorted in time. Any advice is appreciated.
Cheers
We are interested to bid on a house at auction next wed however we are struggling to get finance.
We are fine from a servicing and security point of view but the bank is not happy with a clause in the sale and purchase agreement that declares an unconsented kitchenette off one of the bedrooms.
The kitchenette contains a sink, tap and 2 element hob. We had a building inspection done today which raised no concerns about the kitchenette.
It's currently sitting with the banks credit risk dept. And we are awaiting to hear back. We want to be prepared in case they decline.
I had already attempted to get quotes for insurance for the property but that got declined due to the kitchenette so I want to see what we can do.
I was thinking a next step would be too see if we could get a variation on the sale and purch agreement stating we could get access to the property prior to settlement to remove the sink/tap and hob. Very keen to hear if others have better ideas.
We are very keen on this house but worried we won't have our finance sorted in time. Any advice is appreciated.
Cheers
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