Cavity Wall Tie Failure


Funnily enough lenders don’t like it!


Cavity Wall Ties (CWT) are prone to failure and this results in property damage and loss of value.


It affects lender security and your Conceyancer will need to report to the lender with as much information as possible. Your Conveyancer has a duty to do this.


You will need to supply the seller’s remedial work report, 25 year guarantee and buyer’s survey for lender to take a view.


This is likely to slow things down for you.


Lenders refer internally to their valuers and underwriters which takes time.


Bear in mind, if you are the buyer, that all of this is in your best interest and to ensure no issues on re-sale.


Finally, make sure the seller’s CWT Guarantee is assignable to you, as the buyer, and don’t invalidate it. Read the terms & conditions!


Read about Cavity Wall Tie failure here…


http://www.propertyexpertpartnership.com/2019/10/15/cavity-wall-tie-failure/?fbclid=IwAR2Is4Ai4Tfzn14kRGaPc1gNt3LMlpA8iR-Z92UPyLO1Inb2M_EfcFlaE0U

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