Is my vendor or real estate agent lying to me

G_M

Moneysaving222 wrote: »

I’m just feeling a little lost with the whole negotiation part. Had I know about structural issues before making an offer I wouldn’t have started the mortgage application etc.

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That's why you have surveys etc done! To find out these things before making the finl commitment.


As for 'negotiation' - until you have the facts, there is nothing to negotiate!

kinger101

Moneysaving222 wrote: »

Hi Hampshire, the owner said she didn’t notice and because I didn’t go outside I didn’t see the outside cracks.

You didn't look outside. You're buying the place. Inspect everything.

Moneysaving222 wrote: »

I’m just concerned that I’m going to spend £££ and the landlord isn’t going to sell or it’s not able to get a mortgage or insurance.

In which case, it might be better to walk away now.

Moneysaving222

I’ve got a message from the negotiator: “the surveyor has said there is no movement or subsidance”. Lol. Ok. There clearly is when my mortgage company (who is independent) and my surveyor said there is.

Moneysaving222

Hi kinger, yes I know. Silly me.

markin

Don't buy until her insurance company has fixed the problem, it could be months to sort, maybe time to walk.

Moneysaving222

Hi markin, yes if I had clarity about what knowledge she has of the movement and what’s she’s done, that would be great because then I can put forward my action plan. But being told that an expert said that subsidence is caused by windows, we know they are lying.

I’m also under the impression that if her insurance knows I can continue the insurance with that company (or another if it’s more cost effective.)

elsien

Moneysaving222 wrote: »

I’ve got a message from the negotiator: “the surveyor has said there is no movement or subsidance”. Lol. Ok. There clearly is when my mortgage company (who is independent) and my surveyor said there is.

Your mortgage company don't do a full survey. They do a valuation based on what they can see to decide whether the house is worth what you're asking to borrow from them. They have flagged up concerns but without a full survey neither you nor they are in a position to properly say what the cause of the cracks are and how they should be dealt with. What sort of survey have you had done?

Any house you buy, the seller (or you) can withdraw at any point up to exchange and you will lose anything you have paid out up to that point. Is this house important enough to you to want to take the chance?

Smodlet

Hi Moneysaving222, and welcome.

You refer to a "real estate agent" in your thread title, which makes me wonder if you are, perhaps, American or Canadian; are you here in the UK? It sounds so as you then go on to refer to EA's who, you should know, are paid to lie; it's their living. They are all destined for the same circle of hell as lawyers, imho. You can't believe a word they say as all they care about is their commission and they would tell you a one-man tent was St. Paul's cathedral if they thought you would believe it.

You are correct; windows do not cause subsidence: Drains collapsing can. Windows can sag or drop due to inadequate/no lintels as many older properties were not designed with the weight of double glazing in mind, only that of single-paned, wooden framed windows but all that does is cause gapping at the top of the windows, not structural movement, as far as I am aware.

FYI, most UK insurance companies specifically exclude subsidence and landslip from the conditions they cover so I think you may be on a hiding to nothing there.

G_M is the go-to guy for all things property on this forum, imho so you would do well to listen to what he says. (Hi, G_M) It seems, unless you are prepared to spend possibly £000s on underpinning and who knows what else, that it might be an idea to chalk this up and find another property to buy, armed with the knowledge you have gained.

I am glad you have found this forum; it can be very helpful to house buyers.

P.S. If you want, I'll tell you my lawyer joke; it could apply easily to EAs as well. (Surrey_EA, I don't mean you, you're cool)

Moneysaving222

Hi Smodlet, thank you. Yes I’m confused about so much and yes tell the joke.

Hi elisen, at this moment in time I’ve not been able to find anything I want, and i need to know if there will be future movement etc. Had the EA just said the vendor isn’t willing to get a report and you’ll need your own name for your mortgage company, I wouldn’t be so annoyed, and I would see justification of getting my own structural survey done.

Moneysaving222

Hi markin, yes I think perhaps she’s not willing to let the insurance company do it, because perhaps she doesn’t have insurance? Or perhaps there has been a lot of quotes etc done in the background and they vendors can’t afford to get it fixed. I don’t know.