Advice wanted about buying a flat with subsidence.
I am tempted again to buy a flat in North London, which is the best I've seen after looking for over a year. It transpires that it has a history of subsidence, which has occured twice in the past. There is no paper trail assoc. with the first claim (1990's) so, I have no idea what happened. I have a insurance surveyors report re: the 2nd claim but no other information. The second claim involved the removal of a council tree at the front of the house. A neighbours tree at the back hasn't been removed. I can get insurance that it not expensive as exisitng insurers will continue. However, vendor wasnt 100% upfront about it. Do you think it's at risk of happening for a 3rd time although there is a cert of structural adequacy? Would you walk away? Would it be hard to resell particularly if there is a 3rd case? Could I be buying myself into a headache? Or should I be more relaxed considering its such a common problem? Advice please as I am trying to decide whether to have a survey. Thanks
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