DH and I have put a offer on a house it’s a 1930 semi, clean and tidy but nothing has been done to the property for the past 20yrs. It’s a 3 bed- well 2 as I touch each wall if I put my arms in the 3rd bedroom. So it needs an extension above a old extension to make it a good size.
Our issue is the searches have pulled up issues with the drains, a public sewer runs under a extension to the side of the house, the mortgage company has requested a full drainage report to investigate the drains. The extension may also have subsidence.
The house has fallen through twice, we told by agents due to too much work to be carried out on the house. This isn’t an issue we understand it needs new boiler, electrics etc but the drainage issue is something a little more tricky.
I’ve been told that as public drains run under the house, we would need a indemnity policy put in place but the issue would be, when we come to do the extension the insurance would be invalid, as more weight is being put on the pipes.
The house was on the market for 215k, we offered 200k. However we were told by the agent the drains were in good working order and they had had a report done. This was not the case. Should we offer less due to this huge issue or pull out. Location is perfect, but it does need 30k of works done not including the extension.
It’s a probate sale with no chain, just feeling a little misled