Nicola has asked me to look at this for you.
You have 2 remedies.
Get your deposit back and walk away
proceed with the purchase but claim compensation for misrepresentation/breach of contract.
It really is as simple as that.
It’s entirely up to you although I imagine they would not be rolling over easily to give you the 50% deposit back unless it’s with your solicitor in which case you have an element of control and if you decide you are going to breach contract yourself because of the misrepresentation, it depends whether they are going to pursue you for that or not.
What you have to consider is what difference this makes to the value of the property because if it is lower value then you have a claim for that.
As it is the moment, cladding on the outside of buildings is undesirable for obvious reasons quoted in the press and therefore, there may actually not be any reduction in value. You are going to need a valuer to give to values, with the cladding and without.
Usually, the cladding is purely cosmetic although in some cases it does have an insulating factor. That may have value.
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