15:28 PM, 29th July 2021, About 3 months ago 13
I have reached sale agreed for a semi-detached house and am in the mortgage application phase of the purchase. The house has a converted loft space for storage, with a fixed staircase leading up to the loft.
The conversion does not have approval from the local authority. This was made clear to us before the sale by the estate agent, who indicated it would not be a problem as it is only used for extra storage space and not advertised as an extra bedroom.
The valuation survey done by our bank showed this up and stated ‘Conveyancer should confirm that all statutory and local authority approvals have been obtained for attic conversion for storage purposes with fixed staircase and Velux window.’
I discussed this with our conveyancer, and he indicated that if the conversion was done within the last 10 years (which it has) the bank will require retrospective planning approval before the funds can be issued. What I want to know is there anyone who has been in the same position, and what way did it turn out because it seems to me like if there is no planning granted then the bank will not provide the finance?
Again we knew there was no planning permission and are happy to purchase the house without it (we were told by the estate agent it would not be a problem because it is not advertised as an extra bedroom) but obviously the bank and conveyancer look at it differently.
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