The doom and gloom seems to be a lot of hearsay and received wisdom rather than experience
I agree - technically the house should be 'better' - I was prepared to go through with it but the insurance was a killer for us as we were pushing the limits of affordability going for that place. Seller got themselves in to a difficult position as they couldn't hand down the insurance they had - which presumably had some equity behind it - it's the new customer stuff which gets spendy or so it seems.
Hm that sounds odd - my understanding was that the original insurer is obliged to continue insuring (possibly with large subsidence excess). When it came to us though, a new insurer was actually cheaper in the end.
I agree - technically the house should be 'better' - I was prepared to go through with it but the insurance was a killer for us as we were pushing the limits of affordability going for that place. Seller got themselves in to a difficult position as they couldn't hand down the insurance they had - which presumably had some equity behind it - it's the new customer stuff which gets spendy or so it seems.