Anxious about subsidence history (from autumn 2004)

Milliewilly

nervousnewbies wrote: »

As you can probably guess, Milliewilly, we are sort of tied in to this deal - for one thing, we really do like the property a lot (I know, always a mistake!!) but also the paperwork has progressed to a point where - after over six weeks of back and forth, with sackfuls of paper traded - we are nearly close to exchanging contracts, so quite reluctant to start all over again...

Of course, if it is a totally bum deal - or a red hot risk - we can probably ill afford it as first time buyers, but if the risks are some we can either mitigate through more paperwork, or be reassured about (as in, perhaps there is no risk anymore?) we would really like to keep it rolling. (Also, we've already spent a fair amount of money on all the payments & fees that would of course be a loss)

But your advice has certainly made us think a lot about cutting our losses if need be, or - and we like this better - pushing for a more 'fair' settlement, where perhaps they pay for the structural survey, since surely it is up to them to reassure us at this late stage, that all is indeed well and truly 'mitigated'??

From what you say your Survey (please tell me you have had a Structural survey already and are talking abut getting another one?) & Solicitors fees can't be more than say £2K? I can imagine a couple of years insurance premiums will be getting towards that figure.

As I and others have said if you have gone into the deal with a hefty discount because of the history then fair enough proceed - I still wouldn't personally.

As FTB you are really in the strongest position to buy other than having cash so be careful what you decide. Has the 3 years on the market been confirmed / denied?

Its easy for me to type but there IS always another Property however in love with this one you may be.