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Aston Lawyer
Aston Lawyer, Solicitor
Category: Law
Satisfied Customers: 10411
Experience:  Solicitor LLB (Hons) 23 years of experience in Conveyancing and Property Law
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We are buying a property and have just found out that underpinning

Resolved Question:

We are buying a property and have just found out that underpinning and past repairs which we were not told about have been carried out caused by the next door neighbours tree roots . The sellers estate agent has written today to inform us that I will have to pay my deposit before completion by March 24th in order for her Solicitor to deal with it. Our problem is we are having a bridging lone and our solicitors would have to inform the bank and they may not want to give us a lone what is our best solution
Submitted: 1 year ago.
Category: Law
Expert:  Aston Lawyer replied 1 year ago.
Hi,I take it that you have not exchanged Contracts yet? (I'm sure you haven't but please confirm).What are your thoughts on the underpinning? Are you happy to proceed?Are you needing to complete by 31st March to avoid paying additional Stamp Duty (if this property is not to be your main residence)?Kind RegardsAl
Aston Lawyer, Solicitor
Category: Law
Satisfied Customers: 10411
Experience: Solicitor LLB (Hons) 23 years of experience in Conveyancing and Property Law
Aston Lawyer and other Law Specialists are ready to help you
Customer: replied 1 year ago.
No we haven't
Our thought are that it is the responsibility of the owner as it has been an ongoing problem with the tree and also it has affected other parts of the structure and the underpinning will need 5 tons of cement and structure materials and the builder has given an estimate of 3k but it could be more once he starts the job also he cannot start for another three weeks. Our house is up for sale no buyer as yet and the bridging loan is going to cost us 5.5k a month over a 12 month period. We have a very good architect and she has done plans for us and put in planning permission for new windows and renovations .
Customer: replied 1 year ago.
We have spent a lot of time and money on this house and we have had a serveyos report who noticed the crack in January and wrote that it should be inspected every three months which worried us. Since the architect has seen the premises she then called in her structurel engineer who agreed it would cost around 10k and he is unable for insurance purposes to give a written report as only the Managing director of the firm is quilified to do so and would have to see it he is away for another month.. We realise that we will to pay another 22.5 k if we are unable to compete by March 24th.

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