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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

AIBU to ask for money off house? Wwyd?

33 replies

moveblues · 22/10/2022 09:16

We are buying a house and paying 500k for it. The level 3 survey came back to say this needed a new roof (“life expired”) because the property is around 90 years old. We got a roofer to look at it who reckons it just needs a few replacement tiles, some other minor bits and bobs and a new flat roof. Circa £5-7k.
Drain survey also states £1.5k of work.
Now, I think it’s worth asking for this money off. We are already having to get new windows (circa 12k) to bring up to date and while the property isn’t the most expensive that’s sold on that road, it certainly isn’t the cheapest and isn’t in the best condition. Needs quite a bit of renovating which we will need to pay for in addition to these unforeseen works.

Husband is thinking we should not ask for the money off.
He has a point; one link in the chain has a mortgage expiry in the next 3-4 weeks. We do want to complete.
If it fell through we aren’t sure we would get it again (either in terms of offer on ours and prices ??increasing where we are buying relative to where we are selling?)
Vendor is lovely but temperamental

WWYD?

OP posts:
moveblues · 22/10/2022 12:15

I don't think it'll change the ltv and it won't change the interest rate; seller isn't purchasing; my own biggest concern is how long it could take for our mortgage co to revise the mortgage.

OP posts:
Vikinga · 22/10/2022 12:20

I wouldn't risk it for that. Having said that, when I was debating between two houses, the seller of the house I bought dropped the price by £5k without me even asking her. They have plenty of money and couldn't be bothered with the hassle of more time selling the property.

I guess you could ask and see what they say.

Antaboo · 22/10/2022 12:49

I've only lived in houses of a similar age, every survey we've had said it would be prudent to budget for a replacement roof in the short term (or similar wording), in 35+ years not one of the 4 houses have needed to be replaced - more often than not it's a surveyor covering their backside with bullshit.
If I was the seller I'd want quite strong proof that the roof was in need of imminent work before reducing - more than a disclaimer from a surveyor.

Motheratlast123 · 22/10/2022 13:00

Today, it is another person in the chain whose mortgage is elapsing soon. Tomorrow, if this chain falls over and you have to start over, it could be you. Unless the house is under valuation, I would tread carefully.

Motheratlast123 · 22/10/2022 13:01

*down valued by the valuation

Elphame · 22/10/2022 18:07

Antaboo · 22/10/2022 12:49

I've only lived in houses of a similar age, every survey we've had said it would be prudent to budget for a replacement roof in the short term (or similar wording), in 35+ years not one of the 4 houses have needed to be replaced - more often than not it's a surveyor covering their backside with bullshit.
If I was the seller I'd want quite strong proof that the roof was in need of imminent work before reducing - more than a disclaimer from a surveyor.

Indeed -my survey report said exactly that too. We asked a local builder to take a look. He said it was fine

20 years later we've just had to have a small bit of work done on part of the roof.

I'd be wanting cast iron proof and quotes before I'd be prepared to reduce the price.

moveblues · 23/10/2022 09:04

Hmm yes part of the problem is that the valuation isn't back yet but we probably only have the window in which that's being processed to revise our offer (without causing delays given our deadline)

OP posts:
Clymene · 23/10/2022 09:14

You're choosing to get new windows, you don't have to. The house has been priced with its current windows. And that roofing estimate is extortionate, assuming that the majority of the roof isn't flat. I've just had a load of cracked and missing tiles replaced, including bonnets down two sides and repointing around 3 chimneys and paid under a grand.

And drains is maintenance.

I'd tell you to sod off at this stage if I were the vendor.

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