Seller did not make us aware of Major Works, what to do?

dsavvy83

zzzLazyDaisy wrote: »

There is absolutely nothing you can do about that now.

The fact is that you now know about the works, and you have the opportunity to either pull out, renegotiate the price, or proceed regardless.

Either way, the fact that the seller did not disclose something when they should have done does not amount to an actionable breach of contract, as until exchange, there is no contract. Sorry to be harsh, but you need to put this behind you and move on, and decide what you wish to do about buying the house (or not).

Don'y worry about being harsh, but i think i will go for the renegotiation route, but it might be that the cost will not amount to much, probably find out next week.. fingers crossed

dsavvy83

john_white wrote: »

What are the major works and have any quotes been recieved yet?

Don't know yet, just that some are due this year, the complex hasn't been update since the 60's but it looked in good condition to me, surveyor never came back with anything to worry about. My solicitors have sent a letter back asking for more details..

dsavvy83

pinkshoes wrote: »

if it's a leasehold flat , are you sure you'll have to pay anything? If it's been managed well like the one I own(ed), then any major works are planned for and paid from the management charge. Any unplanned work is paid for with the contingency fund.

I am hoping this is the case and that is why he didn't bother alarming us with this, but we will have to find out, the other solictors are a bit slow in responding,

propertyman

dsavvy83 wrote: »

Don't know yet, just that some are due this year, the complex hasn't been update since the 60's but it looked in good condition to me, surveyor never came back with anything to worry about. My solicitors have sent a letter back asking for more details..

The question to be asked is how will this be funded? Is there a reserve fund and it is it considered adequate for the works or will there be additional contributions required.

"Solicitors" firms on the whole are very poor at putting this sort of question together...these days they expect to be spoon fed it, especially if the conveyancing is being done by "Dave or Sarah" in Mumbai.... or even a Sharon in conveyancing farm on an industrial estate in Sheffield.

dsavvy83

propertyman wrote: »

The question to be asked is how will this be funded? Is there a reserve fund and it is it considered adequate for the works or will there be additional contributions required.

"Solicitors" firms on the whole are very poor at putting this sort of question together...these days they expect to be spoon fed it, especially if the conveyancing is being done by "Dave or Sarah" in Mumbai.... or even a Sharon in conveyancing farm on an industrial estate in Sheffield.

WE are going to be investigating all this, just hate how long all this takes, but i do understand the need for a paper trail..

I guess i will just to have wait and see, might not be as bad as I think hence why he hasn't mentioned it.