To pull out of house sale?

[Househelp85]

I'm a little heartbroken. After months of work, we just got our survey results back and its raised some issues and now need to consider our options. Issues are:

1. There was a leak which we noticed at viewing, and were assured it has been fixed, and the bedroom was redecorated. Survey has found there is 60% damp in that room, and that there is still a leak. The whole roof and ceiling needs replacing, all the plaster stripping and redoing. EKKK

1. There is another leak in a bay window and the surveyor says that the beam is damaged. He can't tell us to what extent it is damaged as he would need to get to it, which he can't. Could be a replacement job, could be able to get by with steel reinforcements.

1. The house seemed to have been underpinned at some point. This wasn't raised in the searches so he said it could have been done when the house was extended, but that we need to look into it as it will effect our mortgage and insurance

I am totally gutted and not sure what to do. The house is expensive and by no means our dream house. I don't think its worth the extra cash that is needed to be spent to bring it up to a liveable standard. The roof needs replacing ASAP and it might not survive the winter.

Also, builder are like gold dust, so even if we negotiate down the price (or do a retention for the work) I have no idea when someone will be able to fix it!

Anyone has any wise words?

20 years doing property stuff, including a surveying degree & I'd run from this house. Needs a developer sorting it, not someone living it, working, with kids, getting super-stressed by shite builders.

For that amount of cash, I'd want an easy life.

Pull out, you may have spent a bit of money you won’t get back, but you will spend a lot more if you pursue this. And it doesn’t sound like it’s going to be an easy ride

Yes - leg it! Especially as you don’t love the house anyway. As you say even if they dropped the price you’d still have all the hassle of getting the work done.

Well. I honestly don’t think mumsnet has even been so unanimous in all my years of being on here.
I think we should walk. There is just nothing on the market that fits the bill at the moment.

Don't do it. Not worth the worry. Who knows the cost of putting these things right now. Too risky

Out of interest did he downvalue it too? Or does a different party provide the valuation.