Flat is being sold to cash buyers due to dodgy planning?

Fire_Fox

Crosby wrote: »

Last news from the front line lol

We spoke to the neighbours and from what I can understand is that the block is of a unsound constructure, the house is built on a hill and its now subsiding, though i have inspected the whole building yesterday and didnt see any cracks, but i saw the walls that are very wet on the ground floor (the flat i want to buy is on the first floor) and i saw a water paddle near one wall and i am guessing its been there a while coz it started to rot now. I am assuming worst and think that due to subsiding the pipe may have burst and started to leak??

My fears are that I will not get a house insurance for the flat and if (or when) the house will start showing cracks the council will chuck the dwellers out? Or on the positive note they might underpin the whole building to stop it from cracking? What are the options?

Does it have NHBC cover if it was built in 2004? If so it's possible they will underpin and what not. Also possible communal buildings insurance will pay, tho they don't always cover poor workmanship. Third and final possibility it will cost the leaseholders tens of thousands of pounds to rectify and you won't legally be able to say you can't afford it. This flat will never again be worth it's true market value as buyers and lenders don't like subsidence.