Just bought a leasehold flat - Victorian conversion.The survey carried out a few months ago (due to delays with conveyancing) showed evidence of historic movement but not ongoing. I took the gamble and bought it anyway. Management company said in passing that a couple of flats are having trouble with floors sloping. I'm scared it might be further movement meaning subsidence. They are asking a builder round but not a structural surveyor yet. Should I sell up while I have the chance? Or wait to find out the result? If it is subsidence will I be stuck with a flat I can only sell at a loss?
Any advice welcome - I now know I did the wrong thing ignoring survey result identifying historic movement, so would appreciate thoughts on how to move forward.
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New leasehold flat could have subsidence, should I sell up or wait?
8 replies
NinaSimone · 23/05/2015 22:36
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