I Am Feeling Really Sick At The Moment.

loveandlight

I bought a house a couple of years ago and the survey report showed that there was nothing wrong with it.

Today I had it revalued and the surveyor has reported it has serious structural issues with bulging to the gable end wall (amongst other probs) and needs a strutural engineer to look at it. In its present condition he declined to put a value on it.

Since I bought my house I found out another house in the same street also had the same problem that mine has but because they didn't have any building insurance they had to sell it for a pittance.

A few years ago the houses across the road were demolished and I think that has something to do with it.

The other house that was sold for a pittance had a structural engineer and they said they couldn't figure out what had caused it.

What do I do now? I feel really really sick about it all.:(

I do have insurance cover.

jc808

loveandlight wrote: »

I bought a house a couple of years ago and the survey report showed that there was nothing wrong with it.

Today I had it revalued and the surveyor has reported it has serious structural issues with bulging to the gable end wall (amongst other probs) and needs a strutural engineer to look at it. In its present condition he declined to put a value on it.

Since I bought my house I found out another house in the same street also had the same problem that mine has but because they didn't have any building insurance they had to sell it for a pittance.

A few years ago the houses across the road were demolished and I think that has something to do with it.

The other house that was sold for a pittance had a structural engineer and they said they couldn't figure out what had caused it.

What do I do now? I feel really really sick about it all.:(

I do have insurance cover.

A bit of bulging to the gable end? Unless wall is literally falling out i wouldnt worry too much

loveandlight

It has 'significant bulging as well as other problems and has serious structural issues' according to the survey report and in its present condition it has no value at all. I find it hard not to worry.

missile

I would be very worried too. I would phone my insurers and see what cover you do have.

ixwood

Don't worry, it's not the end of the worl.. house. It's fairly common and the wall just needs tieing in.

Beanie used a new funky solution on one of her restoration shows last year that was a thin pole, rather than the big metal braces. Can anyone else remember the details?

Iris_Blue

How long is a few years ago ?

Have you got building insurance ?

My first house had a bulging gable - it was just rebuilt. The doorframes were all over the place. No problems getting a mortgage with it or the repairs done.

You're feeling ill over what some surveyor has said - he's not a structural surveyor though so take it with a pinch of salt for now.

spirit

1st step - get a strucrual engineer in.

Take it one step at a time, I know it's hard but try not to worry too much.

You have buildings insurance so just check out your cover in the meantime.

What you do next will depend on your engineers report.

jc808

ixwood wrote: »

Don't worry, it's not the end of the worl.. house. It's fairly common and the wall just needs tieing in.

This is usually the solution. You know those brown 'cow pats' you see on the sides of old buildings? (Or 'S's sometimes)

Wall ties

As I say, if youve only just noticed cos a surveyor pointed it out, its probably not that severe. Dont see how it makes a house worthless either.

amcluesent

>Dont see how it makes a house worthless either.<

Just a lazy way of saying a buyer couldn't raise a mortgage against the property, therefore it can't be valued. Obviously it has worth even as a plot of land with permission.

loveandlight

Thanks for your input guys. I only bought it 16 months ago and the surveyor gave it a clean bill of health back then. I've read that as the bulging is significant it will probably mean rebuilding the wall and that is an expensive exercise. I just hope the insurance company doesn't try to avoid the claim.:o

GuidoT

You should notify the surveying firm that did the survey in writing, so that they can notify their insurers.

I presume they were chartered so it is mandatory for them to carry professional indemnity insurance.

If your home insurers avoid, then you have this option open to you.