r/UKHousing

Saw this today and it’s a bit worrying:

https://www.theargus.co.uk/news/25992637.martello-lofts-residents-say-flats-worthless/

Sounds like people are stuck because of building defects/management issues and can’t sell.

Made me wonder though, what can you actually do in that situation? curious if anyone here has dealt with something similar or knows the legal side.

Also saw mention that these were sold as “luxury” flats and then there were plans to add an extra floor on top later… which would mean penthouse owners suddenly wouldn’t have one anymore?

Not sure how that even works legally if you've bought a penthouse and it's just taken away from you as the same company you bought your flat from just build on top on your flat?

We had an offer accepted on a house around the Norwich area.

The seller doesn’t have building regs for a.) the conservatory (removal of a load bearing wall) and b.) removal of a partition wall in the house, with another put up.

The electrics are very old (70s) and the survey has came back with many things that need doing in the imminent future. Roof bracing needs adding in.

I think we are within our results to pull out of this sale, as the commitment to completing this work would be quite substantial.

We had a mortgage agreement with Nationwide, and we are due to pay our Mortgage broker their fee.

Question is, what other costs do we incur, and do we have to secure a new mortgage with Nationwide now (or similar lender), or can we just make use of the existing one on another property.

I realise some of these questions are perhaps naive to some, but having never done this before (FTB), I am very unsure as to what to do next. Started looking at more properties we could view, but we don’t want a black mark against our name for pulling out, when our concerns are in my opinion, very much justified.

Thankyou

what are your rights if your flat becomes unsellable?

What happens when we withdraw from a sale?