Buying house next to house with structural issues.

ska_lover

I would walk away

ProDave

So the issue is wall ties failing.

You seem to think, if the neighbour does not get his wall ties fixed, it will "spread to your house?"

No. It will spread to your house IF YOUR wall ties are also failing, whether or not the neighbour gets his fixed.

So now you know the wall ties are failing or about to. Factor in the cost of getting them replaced very soon and make up your mind whether to proceed and get them done, perhaps with an adjustment in the price, or walk away.

Cakeguts

If the house seems "good value for money" then there is a problem with it. In this case the problem with it is the problem with the house next door.



This house in the long run is not going be as "good value for money" as it appears to be.



I wouldn't buy it.

lew_1987

ProDave wrote: »

So the issue is wall ties failing.

You seem to think, if the neighbour does not get his wall ties fixed, it will "spread to your house?"

No. It will spread to your house IF YOUR wall ties are also failing, whether or not the neighbour gets his fixed.

So now you know the wall ties are failing or about to. Factor in the cost of getting them replaced very soon and make up your mind whether to proceed and get them done, perhaps with an adjustment in the price, or walk away.

That's not what I think. The wall ties ARE failing on our side too, which the survey highlighted. We've looked into rough costs for this and started to discuss this with the sellers. The issue with the adjacent property is that the brickwork is starting to bulge out, and with it being the front wall, it could cause problems on our side too.

Or are you saying, if we had the wall ties replaced on our side, the neighbouring property's structural issues wouldn't be a concern anymore?

supa34

Walk away. You got a lucky escape.

Have you thought of insurance? You need to declare it as you know about it so you will have to pay a huge premium.

Are you getti g a mortgage for the property? Surprised if you did.

Also whats to say that fault doesnt exist in that property too, same builders, same time, same faults I would say.

Finally do you think you can resell it easily?

Tell the vendor thanx for rushing me as you put me in the corner and I'm not buying it.

lew_1987

supa34 wrote: »

Walk away. You got a lucky escape.

Have you thought of insurance? You need to declare it as you know about it so you will have to pay a huge premium.

Are you getti g a mortgage for the property? Surprised if you did.

Also whats to say that fault doesnt exist in that property too, same builders, same time, same faults I would say.

Finally do you think you can resell it easily?

Tell the vendor thanx for rushing me as you put me in the corner and I'm not buying it.

Thanks for the reply. These points are all thoughts we've had and it leaves us with too much uncertainty!

We're lucky enough to not need a mortgage as we are getting assistance with the purchase, and I think that's part of the reason they're trying to rush it through - since they know it would get flagged by a mortgage provider.

AlexMac

Agree. As when you eventually sell on it ma by then be worse and your buyer is highly likely to need a mortgage?