Background - house is 100+ years old, has been reposessed, large, needs renovation, good price but getting toward our upper limit, house for family for next 15-20 years.
Have had full survey (although estate agent said it probably wasn't worth it), found has some fairly considerable work (£20k ish) required to make roof water tight and stop damp rising from the cellars.
Our offer was subject to survey, we now need to renegoatiate a purchase price. However vendor (in this case bank) being a bit cagey about what they think we should have been 'aware of' before the survey ie: we should have known the roof needed work ... doh ... of course but you never know how much until a surveyor takes a look and you don't pay £1,500 to have one until you have an offer at least accepted.
All in the house needs rewire, new boiler and heating system, couple of new windows and this damp/roof work before this winter - probably £35-40k for my family to be dry, warm and have electrics - then we need to prioritise rest of sash windows, kitchen, bathrooms etc etc , but this is a long term home and project, so it will not happen over night.
We have nothing to sell - renting our home and have tenants itching to move in, we have mortgage offer and funds ready to go, no one else is interested in the property at all .... would you play hard ball and try for a larger than £20k discount ???? advice appreciated on dealing with a 'face less' bank.
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Advice needed on renegotiating price after survey
7 replies
Haylo · 14/08/2008 11:45
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