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Survey has found evidence of subsidence - advice appreciated!

graham_and_tiana · 2018-08-26 18:42:27

Hi there, We've read back through some incredibly helpful previous posts, and are hoping that some of you clever, experienced property folk can help us with our current house dilemma. We have had an offer accepted on a 2-bed Victorian house in NE London. Property was suffering quite serious damp problems so we had a full…

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graham_and_tiana Posts: 7 Forumite

27 August 2018 at 3:05PM

@Ark - thanks. It sounds as though that might be what we need to do - if we decide to proceed. I've read an article (which I can't link to) that states that after work has been done e.g. underpinning - nobody will insure you for at least 12 months until they can see it's worked. If true that idea is a complete non-starter for us because no insurance = no mortgage. D'oh

@Cake - 500k is definitely lower than other comparable properties in the area. But 575k, what it went up for in March, is probably about right - given it's in pretty basic shape, e.g. kitchen needs re-done, basic decor, garden a mess. Done properly (and obviously without the f*cking subsidence, I'd say it's probably a 650k house

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Survey has found evidence of subsidence - advice appreciated!

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