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Buying: Underpinning not declared upfront
Comments
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Ask the vendors to reduce the house price or share the costof fees:
to pay for a specialise engineers report (Your surveyor can refer you to a specialist engineer) and you can use this report (if positive) when you come to sell the house and for insurance purposes....if the report is negative ----just drop the deal.
tnks will keep that option in mind just incase. In the mean time i'll see what the solicitor comes back with...
Also got the EA to ask why it's been underpinned and who the current insurer is ? and if it's possible to transfer the policy to my name.0 -
biggie...be carefull! I am no expert but have learnt a lot in the last 3 months re; subsidence. If its been underpinned then there probably has been some subsidence in the past. It IS harder to get insurance for a property that has EVER had subsidence/settlement and if you do get insurance you will pay a higher premium and then if you ever want to sell, any prospective buyer will have the same doubts as your having now. Which will narrow your market considerably. My daughter has been in the process of buying such a house and after taking legal advice and advice from structural engineers she has pulled out and has lost over £1000! but better to lose £1000 than £125,000 and end up with a "pig in a poke" We tried to transfer the insurance to my daughters name and it turned out the insurance didn't even know about any subsidence! Good luck!0
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Also at the same time the property had permission to errect a garage attached to the side of the house.
Is it possible that the underpinning is a result of errecting a garage ? as opposed to subsidence.
Did you work it out in the end?
If the underpinning had occured in line with where the garage was going then it would make sense that if the foundations were not deep enough in line with current building regulations at the time (which is highly like as even 70s and 80s proeprties may not have deep eough foundations to meet current regs!) then they would have underpinned the wall to provide support for the garage.
So it may not have been subsidence at all...Everything that is supposed to be in heaven is already here on earth.
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