Misled about floor area and now can’t sell?
My daughter is trying to sell her flat which she bought 3 years ago. The new agents have informed her that the floor area is 27sq m, and that it will not be possible for her to proceed to sell to another mortgage holder if it is below the threshold of 30 sq m, they further inform her that she should not have been given a mortgage on this basis.
The EPC states the floor area is 28 sq m, again below the threshold, she is now stuck with a flat she cannot sell except to a cash buyer for a price below market.
What action can she take to recoup any losses incurred given the mis-selling of the flat?
Many thanks
Graeme
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Tenant only missed one month but needs Section 21?
Member Since June 2014 - Comments: 325
3:21 PM, 2nd July 2021, About 5 years ago
Believe the 30m2 “rule” has existed for many years and suspect previous seller aware and thus measurements were on the generous side! I have never trusted sales details and taken my own measurements, which in hindsight would have critical as this flat right on the threshold of being suitable for a mortgage.
Member Since January 2018 - Comments: 42
8:38 PM, 2nd July 2021, About 5 years ago
can i suggest you contact a RICS surveyor and ask what is the correct method used to measure
Member Since August 2016 - Comments: 1190
8:44 PM, 2nd July 2021, About 5 years ago
Lenders valuation report asks for the gross external area.
Member Since July 2018 - Comments: 23
1:05 PM, 3rd July 2021, About 5 years ago
Do you have the Estate Agents original sales particulars, if these state 30 sq m then you could have recourse there as well as with the valuer