When we received this survey we (and by we I mean, ourselves, lenders, Advisors etc) were astounded by the lack of quality. No further inroads into the financials, and in particular taking the vendors word that all was well, one statement went like this “ we noted signs of damp at the top of the wall, the vendor informed us that this had been treated and was awaiting painting”. Well that’s OK then!! No need to check the accuracy of that statement then, no need to request sight of invoices showing the work carried out, no proof necessary!!, this was just one example. Shoddy, very shoddy!
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