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You are right, I think. However it’s worth considering that unless you really know what you are doing and are taking advice from people who really know what they are doing, as a buyer ‘underpinned’, no matter when, is not seen as a positive. It’s a huh? moment, at best.
Hence sellers tell buyers late, after they’ve paid costs they can’t reclaim.
One of those things where a local surveyor with bucketloads of experience would actually be helpful.
Howard-
Hence sellers tell buyers late, after they’ve paid costs they can’t reclaim.
Yeah, the sellers are aresholes.
The costs you can't reclaim kind of go with the territory tough? Last time I moved I think I paid for 3 surveys on houses I didn't buy. In one case the survey turned up things that led us to renegotiate (and they said no but then sold 18 months later to someone else at our lower offer) but the other two fell through for other reasons. Until exchange you need to be prepared to walk away and try again.
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Certainly something to think about at least. I'm not sure when we were told but it was before spending any money. Possibly after telling the agents we were thinking of making an offer.
Based on the way they told us I wondered at the time if a previous sale had fallen through...
jellybaby
Dramatic_Hammer
@spenceey will need to know what was done when and why to get the insurance quotes.
I'm of the opinion that properties have histories. The paperwork is often incomplete. There will be things in the past that aren't ideal. As long as it doesn't have a material impact on you when you are living in it then it doesn't matter.
Underpinning is a bit of a mixed bag. In some streets it is good as it means that property has been fixed (assuming it was done right) which is better than the one next door that will need to be done one day. The when can be important too. If it was 30 years ago it is ancient history IMHO, last year not so much.
It's been almost a decade since I bought or sold but I thought underpinned or not was in the property information pack so it seems odd to have come up so late.