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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

to have reduced my offer?

166 replies

Ididthattoo · 04/03/2016 12:08

My husband and I have been looking for a house for a very long time. We found one nice house and we made an offer on it (which was accepted).

However, we found out that there is a small electricity substation behind the garden fence and there might be knotweed too. The area behind the garden is a green footpath that leads to a small park.

We had the emf emissions measured from the substation and they are normal. However, the surveyor said that it might affects saleability.

I am very anxious and haven't slept because of these issues. My husband says there are risks everywhere and we should just go ahead.

So, I have decided to offer about 7% less than what we originally offered in order to take into account of the increased risk. I would have just pulled out but the house is really nice and we are tired of looking.

What is your opinion on this? Am I being unreasonable? Am I mad in seeing risks everywhere or do you think there is a real problem?

I would really appreciate your views, I don't know what to think any more.

Thanks.

OP posts:
JolseBaby · 05/03/2016 17:14

I told someone I know about your post this afternoon. They work for a mortgage lender - they would not lend to you without a complete treatment plan in place and schedule of works for removal. They also have seen cases where people have fallen into arrears and had their properties repossessed. When knotweed issues have been found the lender has had to declare these to prospective buyers and it has wiped tens of thousands of pounds off the resale value. She said she has seen cases where people who have had their homes repossessed, end up still having a balance on their mortgage debt even after the property has been sold.

I think you are utterly fucking mad to go through with this just to prove a point. Your H sounds bloody childish and you sound like a PA nightmare.

Ididthattoo · 05/03/2016 17:45

Thanks all. I will personally speak to the surveyor and point out the substation and the risk of knotweed and another risk too (yes there is a third one, I was too embarrassed to mention that). If he agrees with the valuation and they lend on it, then I am paranoid and my husband is correct.

I promise you I will keep you updated on everything

OP posts:
eddielizzard · 05/03/2016 18:08

tell us the third risk!! please please please

too heavily invested

Ididthattoo · 07/03/2016 13:38

Eddie, the third risk is flooding. The house in flood 3 zone. Please don't post a link if you find the house, it is causing me anguish already as it is.

If the bank is stupid enough to lend us the money after I point out all the risks, then I will think I am the mad one

OP posts:
kirinm · 07/03/2016 13:45

Which part of London are you looking at? We viewed a place with knotweed in Leyton (E10) and were told it was around the area. And isn't London as a whole at risk of floods?

Please don't that as me suggesting you take the risk. I wouldn't go near it with the knotweed as I'd be anxious the entire time about a) damage and b) never being able to sell it.

eddielizzard · 07/03/2016 13:56

well the survey and mortgage stuff will take time, so i'd let that run it's course.

in the meantime keep looking out for houses and go and see the promising ones. you never know...

Blowninonabreeze · 07/03/2016 13:59

We withdrew from a house purchase after a survey showed an adjacent substation. We knew we would likely have to sell again in the nearish future and couldn't risk something that may affect resale.

We also missed the substation on viewing! It was round the back, and we were ignorant of the issues.

Good luck with everything

araiba · 07/03/2016 14:29

dh must have the patience of a saint

Duckdeamon · 07/03/2016 14:37
Hmm
sparechange · 07/03/2016 15:17

I wouldn't be overly concerned about the flood risk.
Massive chunks of London are Flood Risk 3, based on the potential for the Thames Barrier to fail.

DH actually does flood risk assessments as part of his job, and wasn't remotely phased by it when we bought our house.
The only meaningful difference it makes to us is that we won't ever be grated planning permission to put a bedroom in the basement, because the Environment Agency have a blanket policy of objecting to planning where bedrooms are in basements. Obviously that ignores the thousands of basement flats in our area, most of them Victorian. If there was an actual risk, people wouldn't be allowed to live in those flats and sleep in those bedrooms.

specialsubject · 07/03/2016 16:05

Blowin there are NO PROVEN ISSUES with substations, except a possible noise if you are very near.

there is a lot of ignorance about nasty electricity (often from people with their brickphone permanently glued to their ear) so people like that may not want to buy a house with a nearby substation, and there could be a resale problem.

These people probably also won't want to buy a house without an electricity supply. Strange, isn't it?

however the OP's prospective purchase has a knotweed problem, and that is not a tinfoil hat issue but utterly real.

wishiwasntme · 07/03/2016 18:08

It took us over 3 years to find the right place for us. In that time we pulled out of a couple of properties and we were gazumped on others.
We became so desperate to move several times during these 3 years that we found ourselves offering on properties out of our required location and with other issues, and lots of compromises.

We also often wished (in hindsight) that we'd gone ahead on properties that we'd missed out on.

At one point last year we were in the process of buying a place 3 miles away from the location we needed, it was on steeply sloped ground (I have mobility issues) and had boundary issues as well as subsidence problems and drain/sewer problems (private, so at our cost).
We were looking in an area that is very popular and we'd become so disheartened/desperate that we were ignoring all these issues. The vendor wasn't at all helpful:
He hadn't disclosed any of these issues himself; we found out about them via our survey and by doing some digging, etc, and he wouldn't lower the price. As it was in a high risk area for subsidence and having already suffered with such issues within the last 15yrs we would've struggled to get house insurance (and from the one insurer we could find the price was extortionate).

Looking at the work the house needed (rewiring, etc), the fact that it was at the top of our budget and that there was a high possibility of a large development getting the go ahead a few streets away we must've been mad, but we were so fed up of searching we felt we had no choice.....(what if nothing better came up, etc).

Fortunately, we came to our senses after a lengthy chat (triggered by the vendor being difficult) and decided that we'd have to pull out and that we needed to stick to our original criteria. We were happy to compromise on some things (eg house instead of our preferred option of bungalow. ..as long as it had the potential for bedroom and toilet downstairs), but we couldn't compromise on location as DH needed to be able to walk to the station and the DC needed to be able to walk to school.

I'm happy to say that about 2 months after we'd pulled out of the last place and during quite a slump in suitable properties (when we wondered what the hell we'd done) we stumbled across a lovely, but small, bungalow with a lovely garden in the right area. It hadn't been touched since the 70s wrt decoration and the electrics need rewiring and the whole place needs extending/modernising, but it had a lovely feel to the place and the neighbours were really friendly. It had only come on the market that day and was actually well, well under budget (if you exclude the work that needs doing).
We offered the full asking price and although there were a few issues that slowed things down (not registered on the land registry to name one), we finally moved in in November 2015. It's cramped, but we have our vision which is currently going through pp, and the neighbours are lovely, and we couldn't be happier.

We were talking about our 3 1/2 year search recently and we're so glad that we waited and had the courage to pull out of the others. Out of all the houses we liked at over the years this one is in the top 2.

The other one had a bigger garden/plot and I loved the style of it, but we were gazumped by a cash buyer and there are only 5 houses like it on the street (and only 3 have the large gardens) and they rarely come up so it would've been pointless waiting for that to happen.

My point is to give you hope that you'll eventually find somewhere you both agree on, and to encourage you to stick with your gut instinct. Don't compromise on the major things you originally wanted (like location), I think you'd regret it; and don't go ahead just to be able to say "I told you so!"

Have you thought that you might struggle to get house insurance, or that it might be ridiculously expensive with regard to the Japanese Knotweed problem???

Anyway, I hope things work out for you Smile

wishiwasntme · 07/03/2016 18:09

Wow, sorry for the essay, I hadn't realised it was so long. Blush

Greyponcho · 07/03/2016 19:23

Zone 1 flooding I'd be concerned, but not zone 3.

Greyponcho · 07/03/2016 19:28

Justaboy No 'flash overs' from transformers using PCBs, which is what I was referring to

MaryPoppinsPenguins · 07/03/2016 20:20

Japanese knotweed aside, you clearly don't want to buy this house. Just pull out, your DH surely wouldn't make you but somewhere you hated? It's not just a small thing... It's hundreds of thousands of pounds I would imagine!

Justaboy · 07/03/2016 21:23

As to the power why not do the job properly?, have this in the front garden,

goo.gl/maps/4YJtbki37wD2

And this little structure with 275,000 volts on bare insulators in the back;!

goo.gl/maps/YHSXBhMTKe92

Often wonder what the residents think of it perhaps after a while they just don't notice!

goo.gl/maps/3WdRSjWTxFU2

There's another one opp northing somewhere, its got even more cables and some earthed wire grids over the house!

Blowninonabreeze · 08/03/2016 07:16

As I said in my post, I had NO issues with the substation personally, it was simply an issue with potential resale. Due to our jobs we relocated quickly when required

leelu66 · 08/03/2016 07:55

wishiwasntme glad you found your almost-dream house. That's the best we can hope for I think. I'm in this house-hunting boat as well and hoping the end is in sight one day, after 1.5 years.

ceebie · 09/03/2016 12:50

Zone 1 flooding I'd be concerned, but not zone 3.

Flood Zone 1 is little or no risk of flooding from rivers or the sea.
Flood Zone 3 is 1 in 100 or greater probability of flooding from rivers or the sea in any year.

You can pay £60 to the Environment Agency for specific details of any modelling work they have, info about defences, etc. Although they might not have such info. E-mail [email protected] and ask for Product 4 data.

There are other maps freely available on the Environment Agency website for risk of flooding from surface water or from reservoirs, and whether there are any aquifers underlying the area,etc.

Ididthattoo · 09/03/2016 13:19

Thanks a lot I will order the product 4 from the environmental agency straight away.

I will wait and see what the surveyor says. As I said, if the bank is happy to lend with all these problems, then who am I to go against them?

Will let you know what the EA sends me. Thanks

OP posts:
LIZS · 09/03/2016 14:50

But the bank is only looking to cover its risk. If you are paying a large deposit they may still loan the amount you require on the basis that they would recover that amount even if the risks depreciated the value of the property. Just because it stacks up on paper won't make you want to live there.

Ididthattoo · 09/03/2016 15:06

We do have a big deposit, all our life saving. You don't think the surveyor will be totally honest in his report? I don't know what else to do, I need an independent opinion as I am too emotionally involved.

I will point out my doubts and then we will see. I can't go crazy about this, although I have already gone a bit crazy.

Haven't slept very well for a while but I am quite anxious, I hate risk and uncertainty especially when the uncertainty comes from external sources.

OP posts:
Thelwell · 09/03/2016 15:09

OP, have you bought/downloaded/got the Flood Risk Indicator report for this property from the Land Registry? They are attached to each title, not area or zone, so are very specific. You pay 9 pounds onlie and download immediately...same website area as the official title docs. All reports are provided by the Environmental Agency and take in consideration local defences. You get the flood risk rating and what that means in practical probability terms. Good luck.

Thelwell · 09/03/2016 15:15

  • online

<a class="break-all" href="https://www.google.com.tr/url?sa=t&source=web&rct=j&url=eservices.landregistry.gov.uk/www/wps/QDMPS-Portlet/resources/example_flood_risk_indicator.pdf&ved=0ahUKEwjHqKTh8bPLAhULWCwKHepsCAEQFggbMAE&usg=AFQjCNEnmoSNKJvJLmp7V4fLdu8jTmPOyw" rel="nofollow" target="_blank">www.google.com.tr/url?sa=t&source=web&rct=j&url=eservices.landregistry.gov.uk/www/wps/QDMPS-Portlet/resources/example_flood_risk_indicator.pdf&ved=0ahUKEwjHqKTh8bPLAhULWCwKHepsCAEQFggbMAE&usg=AFQjCNEnmoSNKJvJLmp7V4fLdu8jTmPOyw

Here's a download link to a specimen report...takes 5 mins max to get it in your hand. I got one myself last week. Hope that helps.