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Would you buy a house which has had subsidence?

(65 Posts)
Shelflife Mon 13-Nov-23 16:57:21

Definitely do not buy!!! Why would you ?

Visgir1 Mon 13-Nov-23 15:23:07

My house was underpinned over 33 years ago before we moved in.
Got a mortgage, insured no problem.
All caused by the Trees, which were cut down.
If you have any building work /extensions the foundations will have to be deeper.

Scat Mon 13-Nov-23 13:19:07

Never in a month of Sundays would I consider it. If it's had subsidence in the past, the survey would seem to indicate that those problems could recur in the future. That could be because either it never had underpinning to resolve the problem or, it did have underpinning and it's now showing signs of failure. The costs for pile driven underpinning are huge, invasive and noisy. The cost for not doing it are recurring damp problems, structural instability, difficulty in getting insurance and almost impossible to resell. If your daughter is adamant that she wants this particular property, I'd advise her to get a full structural survey (which is in itself expensive) to determine just how much it will cost to protect the property for the future and then ask for that amount to be deducted from the sale price. I'm surprised that a mortgage would be given on the property knowing what significant costs are involved in rectifying subsidence.

crazyH Mon 13-Nov-23 13:18:39

✋- don’t go ahead with the purchase.

NotSpaghetti Mon 13-Nov-23 13:16:01

historic and fixed is fine yes.
How do they know it's still moving?
Has it got a monitor thingy on it?

MerylStreep Mon 13-Nov-23 13:14:19

CoolCoco
Let’s suppose that your daughters negotiations go ahead and all is well.
There’s every possibility that if/when they want to move their prospective buyers can’t get a mortgage.
My dear friend bought a buy to let 6 years ago. No mention of subsidence. When she decided to sell it it showed up.
The situation turned into a 2 year nightmare.
I always said, when buying property, if a red flag goes up, stop.

Germanshepherdsmum Mon 13-Nov-23 13:14:14

I wouldn’t touch it with a bargepole either. Sometimes a house has suffered historic subsidence and a surveyor is willing to say that further subsidence is unlikely, if he says underpinning may be needed that’s a huge red flag. Underpinning is very expensive and messy and there will be many who won’t consider buying an underpinned house. Insurance can be difficult to obtain, ditto mortgages. Tell them to walk away. Their mortgage offer is likely to be withdrawn anyway. Do they not realise that this is why the house is on the market for ‘a good price’?

NotSpaghetti Mon 13-Nov-23 13:13:51

Maybe the plot alone is worth it?
Not as cut and dried as it sounds.

karmalady Mon 13-Nov-23 13:13:39

historic and fixed is fine but `may need fixing in the future`, no definitely not and I would pull out

This is why you get a survey. I paid £2000 for a comprehensive survey 4 years ago and on the basis of that I pulled out. £2000 was very well spent

CoolCoco Mon 13-Nov-23 13:06:06

welbeck they couldn't get a new mortgage before they had an offer on their flat. They didn't want to shell out £2 k + for a survey before they had a mortgage organised.

welbeck Mon 13-Nov-23 13:00:51

don't be silly.
why did they sell, arrange mortgage, before doing survey?
a lesson learned.

OldFrill Mon 13-Nov-23 12:59:57

Can they still get the required mortgage? Obviously insurance will be a problem. They need to speak to a structural/building engineer, as there are so many "what ifs?" Personally l couldn't live with the stress.

Marydoll Mon 13-Nov-23 12:57:53

I wouldn't touch it with a barge pole. You don't know what will happen in the future. I'm surprised they can get building insurance.

We once found our dream flat, only to find there were mine workings underneath and a history of subsidence. We looked elsewhere.

NotSpaghetti Mon 13-Nov-23 12:56:41

Cost of underpinning might be worth looking at.
Also, what does "the future" mean?

CoolCoco Mon 13-Nov-23 12:52:37

My DD and partner have found their perfect house in perfect location - good price, have sold their flat and have their mortgage set up. The survey now reveals the house has had subsidence in the past and may need underpinning in the future. Is this a deal breaker? Should they pull out? Should they ask the vendor for a reduction? If so, how much?