Considring buying a house which may have subsidence (house insurance claim in progress)

Stenwold

2cojones wrote: »

Thank you all so much for your wise words and sensible advice. I have seen the light ! Each of you have convinced me that this property is way too risky, hassle and complication that I just don't need. Aside from the hassle and massive work to take on there is the real risk that you point out of the lender not likely to take it on.


The specific cause of the minor subsidence has not been identified (as you point out G_M) and it could very easily turn out to be a very expensive mistake.


I shall pass on this one and continue to stalk Rightmove each morning! Agreed, having to rent again would be preferable to buying the wrong place. Thanks all once again for helping me see sense !

Wise move, you've made the right decision. Although it would have been taken out of your hands anyway - you wouldn't have had a mortgage/insurance accepted on a property with an on-going claim for subsidence.


Good luck with your property search!