Advice: Buying a property with building reg sign-off on extention
Hi, I am desperate for some advice. We have fallen in love with a house that was built in 1910. We progressed quite far with searches and discovered the vendor didn’t have building regs for a extension and roof replacement. He does have an active planning permission with the council however the works are partially completed and the original plans are unlikely to be executed (they have put a conservatory and if we did want to extend we would draw our own plans). I have spoken to the council and they said they will help with getting retrospective sign off and our solicitor has suggested indemnity policy. We had a homebuyers survey and nothing was picked up in that. We are concerned about the risk. What if the buildings works are shoddy or foundations not deep enough etc. Not sure how to proceed. Should we walk away or ask for a price reduction? We thought of retaining a % of the sale fee until the building reg issue was resolved. Our tenancy where we are renting ends on28th August (we were hoping to complete 22nd August). If anyone has been in this situation or has some advice we would be very grateful as we are so stressed and will benefit from an objective view. Thanks!
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