Hi,
I made an offer for an ex council flat in central London,paid for the management pack but the bank refuse to loan because it is a concrete building ,7 th floor and 26 sq m. The estate agent told me that his broker could find me an high street bank to offer me a mortgage. I am a bit reluctant to buy it as it may be difficult to resale in future. Also I think my offer was far too high as I saw in land registery a flat in ground floor who was bought 40000 cheaper in same building for the same surface in Dec 2019.Also I discover there will be major work planned for around £ 10000. What do you think ? Move away or make a cheaper offer to compensate for difficulty to resale due to flat