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I’m not so sure about going ahead with another less diligent survey when we know about the issue and want it resolving.
Whether or not you get a price chip from the seller it will make your life easier to have a clean survey. However, this is delicate and you can't lie to your insurer.
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they’re already making a pretty decent profit having done nothing to the property
If they're planning to move to another property this may not mean much though.
NickCJ
aggi
@ghostface
Cheers @leggy_blonde
@NickCJ I’m not so sure about going ahead with another less diligent survey when we know about the issue and want it resolving. In response to your question about the mortgage, yes we are, kind of. We had a mortgage for another property pre-Truss but then it fell through two days after the mini-budget. We were able to keep the offer alive for this new place but as it was more expensive we needed an extra bit of mortgage to cover that difference which was approximately 10% of the original mortgage price; this extra 10% was at the new rates of over 5%.
The seller seems pretty legit, if a little naive, and the estate agent is a sole trader. It’s in a really small town where everyone knows one another which is in our favour as it feels like there is accountability and consequently, one would hope, good practice and behaviour.
There’s so many cash buyers due to the student and tourist nature of the town that I have no doubt the seller could always just flog it to a cash buyer but as we’re all quite far along in the process I’m hopeful we’ll find a resolution. Also, we know what they paid for it when they bought it in 2018 and they’re already making a pretty decent profit having done nothing to the property, so I’m hoping they might not mind a little bit less.