Survey flagged up big problems - who should pay?

G_M

project_c wrote: »

Ok, thanks for the advice, I could do without the condescending attitude though. This forum is here so people can ask each other for advice, so take the superiority complex somewhere else please. x

OK.
As you wish.
I'll stop posting here and go over to landlordzone from now on.

Mojisola

project_c wrote: »

Ok, thanks for the advice, I could do without the condescending attitude though. This forum is here so people can ask each other for advice, so take the superiority complex somewhere else please. x

project_c
Posts: 41
Thanked 13 Times in 12 Posts

G_M
Posts: 45,174
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Please don't go, G_M!

G_M

Mojisola wrote: »

project_c
Posts: 41
Thanked 13 Times in 12 Posts

G_M
Posts: 45,174
Thanked 53,973 Times in 25,318 Posts

Please don't go, G_M!

:think: :whistle: :rotfl:
(it would take more than that....)

NewShadow

G_M wrote: »

:think: :whistle: :rotfl:
(it would take more than that....)

Quick... someone start a petition or something!

Pixie5740

NewShadow wrote: »

Quick... someone start a petition or something!

I will bake a cake.

Pixie5740

OP, what kind of survey is this? Does it include a valuation, if so is the valuation more or less the same as your offer?

I do agree with G_M though that if you don't want to take on a large project then this isn't the property for you.

bris

The price may very well reflect the work needing done.


It would be unusual for a valuation on a house needing major work done to come back as if it was in good condition so the price may take it's condition into consideration.

macman

If you can't get a mortgage on it due to the defects, then the decision is made for you.
PS: it's perfectly lawful to sell a property which is falling apart and where the roof is about to fall in. What you must do is answer any questions truthfully, if asked. But you are not obliged to point out any defects-that is the job of the buyer and their surveyor to discover.
It's one of the mysteries of our legal system that you have far more consumer protection law on your side when buying a £10 toaster than when you buy a £500K house.

goodwithsaving

I agree with PinkLady re. why it may have been freshly decorated. I also acknowledge that you learn something new with every property you buy. Your question did insinuate you were completely new to it, but it's okay to encounter new problems with each property you buy because next time you buy you'll know the drill about this particular situation. No harm in asking.
I must admit, if anything starts involving retentions, I'd seriously question the scale of work required, the availability of funds to do them and the hassle. I've overseen renovations whilst working - hard work but not impossible. Is the flat worth it?

davidmcn

macman wrote: »

It's one of the mysteries of our legal system that you have far more consumer protection law on your side when buying a £10 toaster than when you buy a £500K house.

It's mainly because you don't generally have an opportunity to have your toaster expert inspect it before you buy, or to get your lawyer to negotiate the toaster purchase contract.