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Who does the price renogtiating after a survey?

492800
492800 Posts: 192 Forumite
Part of the Furniture 100 Posts
edited 25 November 2012 at 10:54PM in House buying, renting & selling
Deleted thread
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Comments

  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Solicitors are legal experts, not commercial.

    Do it yourself, either direct with the vendor or via the estate agent.
  • kingstreet
    kingstreet Posts: 39,349 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I've found out there is no WAY it would pass the part-P certification
    Say what?

    If you expect vendors to put their properties and gas/electricity/water installations into order to current regs standard, I fear you may be disappointed.

    If the surveyor says the property isn't worth what you're paying for it, you may have a negotiating point. If he values it at the agreed price, I don't fancy your chances.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • kingstreet
    kingstreet Posts: 39,349 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    492800 wrote: »
    @kingstreet, I was under the belief that if a property had been renovated with wiring redone then it should have a part-p certification?
    If the property has been rewired it would need certification by the local electricity distributor or by a NICEIC contractor, I understand. You've now updated me on this!

    Sorry. You didn't mention the re-wire in your opening post. Sometimes posts are for further readers who come along later and search for issues such as "electrical reports".

    Very few properties are wired to current regs but are perfectly safe and can be upgraded later without renegotiation. Asking for a price reduction for such an issue is unlikely to be successful unless it's accompanied by a surveyor's downvaluation.

    Sorry for an element of hijacking! ;)
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    You can ask for what you like. I tried over the electrics with our place but the answer was a flat "No, take it or leave it at the agreed price". So we took it and now I'm spending evenings learning about earth wires and Class 2 light fittings.

    I would go through the agent as the solicitor might not be very diplomatic.
  • keystone
    keystone Posts: 10,916 Forumite
    492800 wrote: »
    How much of a "rewire" carried out, or how much electrical stuff, small or large would have necessitated the Part-P certification?
    All of it must comply with Part P. The bits that require notification under Part P are anything to do with the consumer unit, kitchen, bathroom and any external work.

    Was it a complete renovation or a bit of tarting up including a rewire? If it was a total renovation then in doing the rewire they should also have covered the requirements of Part M as well as Part P.

    Cheers
    The difference between genius and stupidity is that genius has it's limits. - Einstein
  • keystone
    keystone Posts: 10,916 Forumite
    492800 wrote: »
    But the electrician who went in today said there was no way the wiring had been done by an electrician.. :-s
    I'm guessing you commissioned a Periodic Inspection Report?

    Cheers
    The difference between genius and stupidity is that genius has it's limits. - Einstein
  • mbga9pgf
    mbga9pgf Posts: 3,224 Forumite
    keystone wrote: »
    All of it must comply with Part P. The bits that require notification under Part P are anything to do with the consumer unit, kitchen, bathroom and any external work.

    Was it a complete renovation or a bit of tarting up including a rewire? If it was a total renovation then in doing the rewire they should also have covered the requirements of Part M as well as Part P.

    Cheers

    The above is only partly correct. All part P says is an installation must be safe. To be legal, it must be completed to the relevant british standards.

    The other part of Part P requires council notification. This is the bit I give a good darned ignoring to, as I do all my own electrics, have qualifications exceeding some nonsense level 5 NVQ and dont need come flipflop wearing guardian reader telling me the install is sound.

    You could ask the owner to have a periodic inspection report completed as there is now a question mark from your surveyor into the integrity of the electrical system. If it has been completed recently, ask to see the new installation certificate and/or minor works certificate. If they refuse, I would knock 5K off the offer straight away. Tell them if they cant provide the paperwork,(even though I self install I always complete the paperwork) the safety and therefore the insurability of the home puts serious questions over your offer. Some insurers will VOID your policy unless you have the requisite paperwork in the case of an electrical fire.

    That should cack them up enough to either get the leccy sorted or to lower their ask.
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