Would you buy it? Please help!

AnotherJoe

Mnd wrote: »

I would think that if your lender is still happy, and you think the insurance premiums acceptable, with the 1000k excess. Then I don't see what else you can do...in the end trust your instincts

A 1,000k excess? eg £1M? :eek:

Hotgoblin

I am sorry, I only just saw this, thank you for your reply! :-) That is really helpful and a similar situation, a few people we know in the area pay higher premiums due to past subsidence from vegetation. Our purchase is still dragging on due to to a lease extension taking it's time but we have decided to go for it, however we think it would be very fair to reduce our offer given we didn't know anything about this when we made out initial one (and we were pushed up by yher seller) Our surveyor advised us to get more info on the work done but we heard on Friday that there just isn't any, so all we have is this certificate providing warranty for the freeholder but not us as the leaseholder. We have asked our soliciot to revert to our inital offer of 2.5k less which I think is more than reasonable!

Hotgoblin

AnotherJoe wrote: »

A 1,000k excess? eg £1M? :eek:

Haha, it's 1k :-)

Hillwalker11

We have had historic subsidence 20+ years ago now.,due to clay soil and living in a very leafy area with an abundance of trees all with TPO's on them..House was monitored and finally underpinned. We keep all the trees near the house pruned and don't let anything get too big. No problem with insurance, we changed our company a few years ago.£1000 excess seems the standard for subsidence these days.

The worst thing you can do is to find cracking and cut down the offending tree.It has to be done in stages by an arborcultarist if possible.Our neighbours panicked and cut down a huge oak tree which left them with the original subsidence plus even more problems with heave!