Hi all - I'm in the process of getting my flat on the market. In the worst timing ever, our neighbor (in the same building) has found evidence of subsidence in his bay window. The engineers came round for the initial survey and told us in person that they didn't think it was major but the Insurers need to monitor it for up to a year (at which point they might conclude its historical and nothing to worry about). The engineers said we shouldn't be worried and could still sell but our broker has advised no buyer would get a mortgage.
We're really worried. Ours is a really gorgeous flat, no issues at all and on a lovely leafy road but being in London it's on clay like many others.
Has anyone sold with an active subsidence claim before? What's your advice? We need to move because we want a family so time is ticking and we can't stay put. I have no idea what to do! It feels so unfair when our flat is issue free and in great condition. Help!