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Buying an underpinned house, should I pay less?
Comments
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All reasonable points but not really helpful to the OP.
I beg to differ as I believe my post fully answered the OP's query & I have experience in this field.
As long as a Certificate of Adequacy has been issued once remedial work is completed, it means the house has been passed as sound & this certificate is key when wishing to sell the property on at any future time.The bigger the bargain, the better I feel.
I should mention that there's only one of me, don't confuse me with others of the same name.0 -
I beg to differ as I believe my post fully answered the OP's query & I have experience in this field.
As long as a Certificate of Adequacy has been issued once remedial work is completed, it means the house has been passed as sound & this certificate is key when wishing to sell the property on at any future time.
It does not stop insurers from charging a ridiculous amount of money for buildings insurance however. I would run away from this property!0 -
I beg to differ as I believe my post fully answered the OP's query & I have experience in this field.
As long as a Certificate of Adequacy has been issued once remedial work is completed, it means the house has been passed as sound & this certificate is key when wishing to sell the property on at any future time.
What's your experience?
In terms of practicalities then your post hasn't really helped the OP, as he may well be purchasing a property at a higher price than it may be worth. Whilst the insurer may commit to continuing cover there is no guarantee on the premium, a useful analogy is flood insurance where insurers may commit to continuing cover but the premiums can increase by hundreds of per cent.0
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