I've just recieved the mortgage valuation survey and it literally could not be worse. The surveyor has recommended a mortage retention for the full amount for the following points:
"Evidence of movement was noted in the form of cracking to the rear addition. This appears significant and likely to be progressive"
"There are elements appearing to contain asbestos"
"Obtain a report on internal timbers and possible damp behind dry lining"
"Obtain a report on possible asbestos linings to the rear addition"
"Future demand is likely to be adversely affected by the fact that this is a refurbishment project and therefore not readily mortgageable to all lenders"
It sounds shit and I suppose we won't know the full extent until we pay for the structural survey but then what? What can we do? Do we ask the seller to put these things right before we buy? If it does have movement, damp and asbestos it will literally cost thousands - much more than we could afford to put right anyway.
We're first time buyers and this house is definitely 'the one'. I have day dreamed about my children growing up in this house, every christmas, every birthday party in the garden, every easter egg hunt, every winter walk around the village and coming back and putting the log burner on etc this house is perfect - we will not find a house like this one again. It was built in 1850, very unique and full of charm and it's actually quite large for our budget.
I'm clearly thinking with my heart here so I need unbiased opinions. What would you do?