I got a house! Page 2

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  • Graxlar_v3 30 Apr 2020 18:40:51 10,233 posts
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    @Saul_Iscariot yeah I googled and got that article too. I just wanted to know if by one else had experienced it and everything be ok
  • Saul_Iscariot 30 Apr 2020 18:43:34 3,745 posts
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    Reading the article I get the impression it can vary from case to case. It says something about the report you have had isnít done in the physical presence of the building, unless I read it wrong. It might be the case that other peopleís experience of this could be wildly different to yours.
  • ZuluHero 30 Apr 2020 18:44:12 8,931 posts
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    Nope, I'd walk away.

    In fact I'm on my 3rd house purchase atm after walking away from 2 with bad surveys.

    Look at it this way, even if you move and everything is OK, it will put other buyers off and you could potentially lose money.

    I know it's exciting, but think with your head, not your heart
  • DUFFMAN5 30 Apr 2020 21:19:46 26,052 posts
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    ZuluHero wrote:
    Nope, I'd walk away.

    In fact I'm on my 3rd house purchase atm after walking away from 2 with bad surveys.

    Look at it this way, even if you move and everything is OK, it will put other buyers off and you could potentially lose money.

    I know it's exciting, but think with your head, not your heart
    I think this is sound advice 👍 and good luck to all with their homes.

    I'm the subject of homes, we have just over 2 years left on our mortgage 😁
    So from that point on (I will be 49) we can decide to stay and have the "extra" income per month or move "up"/ nearer countryside and get a £100'000/£150'000 mortgage. Our house is valued at around £280'000 as of now.

    Edited by DUFFMAN5 at 21:20:22 30-04-2020
  • Frogofdoom 30 Apr 2020 21:25:09 16,612 posts
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    I would just pay it off and hunker down for a bit Duff. Things are going to go crazy over the next few years so it will be nice to have a roof over your head with no costs.
  • freddymercurystwin 30 Apr 2020 21:29:42 2,191 posts
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    In what context is subsidence mentioned? Any building could be subject to subsidence at some point, more info is required.

    Here's the right thread btw https://community.eurogamer.net/thread/257099?start=7650
  • Dirt3 30 Apr 2020 22:41:20 1,044 posts
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    Graxlar_v3 wrote:
    Fuck it, will necro bump this thread as I canít find the one I am looking for.

    We are about to sign contracts on my first house (moving from flat) and the envirosearch has come back with flooding and subsidence issues.

    Flooding is because the house is near a which flooded 20 years ago (ugh) but didnít reach the house.

    But the subsidence issue worryís me a bit, is a moderate change a normal response or do we need to start looking for a new home again?
    You can check the environment agency site for free flood plain information. I did this on a previous place I was looking at and threw it out before I spent the conveyancing fee. Also you can check for other stuff on the council maps often, like TPOs.

    Also, you could try to get insurance on it and see what that comes up with.

    You can do some initial screening as above yourself free of charge to see whether anything obvious and nasty pops up.

    Ultimately though IMO you have to go for expert advice on this sort of stuff.
  • Dougs 30 Apr 2020 23:02:40 94,683 posts
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    Yeah, if it's come up as part of a survey, get the fuck out of Dodge.

    Duff - unless you really, really need the extra space (and I'm guessing you don't or you would have made the move a while ago), I'd stay put, bank the extra cash/treat yourself in case things go nuts. I've still got 20 years to pay off. /sob
  • ZuluHero 30 Apr 2020 23:10:52 8,931 posts
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    @DUFFMAN5

    I'd probably pay it off and stay too. My plan is to be mortgage free by 50 (10 more years) so I'm totes jels of you. Not sure I'd take on another 150k mortgage at 50, but I'm very risk adverse, hence my jitteryness over surveys :)

    Not sure what kind of hit the housing market will take thanks to CV, might make house prices drop, seen reports of anywhere between 3 to 10%. You might pick up up something a bit cheaper.

    Shame banks aren't passing on that stupidly low base bank rate to their mortgages (savings though, forget about it) so you can get a good deal.

    How's your retirement stuff looking? If you started a bit later (like everyone does) might be worth increasing pension investing with the extra capital.

    Then when you hit retirement, downsize, move somewhere cheaper, release a big whack off your equity and settle down to play all the games in your backlog! :)
  • elstoof 1 May 2020 08:48:31 25,878 posts
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    How old is the house and what level of survey did you get? Did you actually notice signs of subsidence at the viewing? Any old house will have subsided a bit, you wonít find a single Victorian house in London without a wonky floor or two. Surveys are designed to offer the worst case scenario, you can get a subsidence specialist to advise properly on the actual property - rather than rely on a list that says an end of terrace 50m away started slipping 20 years ago. If the specialist says thereís potential need for underpinning etc then you renegotiate, thatís what surveys are for
  • Graxlar_v3 1 May 2020 11:16:41 10,233 posts
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    I got some more detail on the report, turns out it was a note saying - hey your house is 500m from a river.

    Be sensible, and get advice before doing any building work.
  • smoothpete 1 May 2020 11:22:10 37,009 posts
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    smoothpete wrote:
    Congrats! We're buying one at the moment, they've accepted our offer (games room here I come!!!) now we just need to sell my missus' house. We've had lots of viewings but no definite bites yet
    Ah bless, it's me from years ago. I am sat in my games room as I type this.

    Edited by smoothpete at 11:23:24 01-05-2020
  • elstoof 1 May 2020 12:20:01 25,878 posts
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    Surveys are quite often bollocks, chatting with the guy i bought my house off he told me the previous buyer pulled out after the surveyor said the loft conversion wasnít done with steel. You can quite literally see and touch one of the three 12Ē deep RSJs up there from the unconverted side of the loft
  • nickthegun 1 May 2020 12:24:46 82,376 posts
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    I had to have a survey re-done twice because they missed out the fact the house had a garage on one and then they did the wrong garage on the other.

    It fully inspired confidence in the rest of the report.
  • smoothpete 1 May 2020 12:33:02 37,009 posts
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    My mate's house surveyor guy asked her where the passageway in the understairs cupboard led to. She replied that it was, in fact, a mirror.
  • Dougs 1 May 2020 12:44:34 94,683 posts
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    Haha!
  • ZuluHero 1 May 2020 12:56:12 8,931 posts
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    Should have said Narnia :)
  • smoothpete 1 May 2020 13:15:01 37,009 posts
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    This genuinely happened.
  • Decks Best Forumite, 2016 1 May 2020 13:18:01 25,655 posts
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    I don't know what yous sick fucks or up to but there was a man that looked just like me in there!
  • souvlaki 1 May 2020 14:01:36 1,051 posts
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    ZuluHero wrote:
    @DUFFMAN5


    Then when you hit retirement, downsize, move somewhere cheaper, release a big whack off your equity and settle down to play all the games in your backlog! :)
    I was planning on kicking off that process now but the virus has messed me up and talk of a crash is worrying.

    @Duff - paying off the mortgage and being free of it was one of the best things I did. I don't regret not getting a bigger house and instead enjoyed spending (houses, fancier meals out etc.) more whilst still putting extra away for retirement.
  • ZuluHero 1 May 2020 15:48:13 8,931 posts
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    Decks wrote:
    I don't know what yous sick fucks or up to but there was a man that looked just like me in there!
    In Narnia? Are you a faun?
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