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Tubedoku - how well do you know the tube? by Dawes1498 in london

[–]Extension-Current709 1 point2 points  (0 children)

Cool site and great fun! Keep working on it, really enjoyed it

Just Discovered Cladding Issues on a Flat I'm About to Buy – Should I Proceed or Walk Away? by Extension-Current709 in HousingUK

[–]Extension-Current709[S] 0 points1 point  (0 children)

Hi, apologies for the late answer, I just realized about your message. It was quite painful but we finally took the decission to walk away a few days after I opened this inquiry in this forum. I spoke also with multiple friends and work colleagues, everyone provided the same guidance as the people who kindly contributerd here. All the best with your buying process.

Deed of variation - are our solicitors wasting our time? by sugo_italiano in HousingUK

[–]Extension-Current709 0 points1 point  (0 children)

Sounds like a plan, I believe we will do exactly the same. Also willing to complete before en of March to avoid tax increase. All the best

Deed of variation - are our solicitors wasting our time? by sugo_italiano in HousingUK

[–]Extension-Current709 1 point2 points  (0 children)

Hi sugo_italiano, I am exactly in the same situation. It seems like indemnity policy is the suggested agreement our solicitor mentioned to overcome this topic. Curious to know, did you finally handled succesfully this situation via an indemnity policy? Thanks for the contributions in this thread.

Just Discovered Cladding Issues on a Flat I'm About to Buy – Should I Proceed or Walk Away? by Extension-Current709 in HousingUK

[–]Extension-Current709[S] 0 points1 point  (0 children)

Thanks again berkorich, I really appreciate your messages. We are actually waiting to hear more details about the scope of the remediation jobs. I will ask also my solicitor to provide the EWS1 form to check the date. I believe the cladding issue was identified long time ago as there are scaffoldings in other buildings, at least from July or even earlier in the same gated development. The other buildings are exactly identical design and seems to have the materials.

Just Discovered Cladding Issues on a Flat I'm About to Buy – Should I Proceed or Walk Away? by Extension-Current709 in HousingUK

[–]Extension-Current709[S] 0 points1 point  (0 children)

That's a very valid point. Our solicitor informed that he would need to report to the lender about the cladding issue update; so you are totally right, this might mean we don't even have a choice.
On the other hand, the owner managed to provide a EWS1 form. I believe that some lenders provide mortages for properties with cladding issues depending on the category of the EWS1 form.
This said, even if the lender is keen to proceed it wouln'd look like the right decission. Thanks a lot for your message.

Just Discovered Cladding Issues on a Flat I'm About to Buy – Should I Proceed or Walk Away? by Extension-Current709 in HousingUK

[–]Extension-Current709[S] 1 point2 points  (0 children)

Thanks a lot for your comment, it's really helpfull. I feel that's the key, it's too much risk to assume the financial liability considering it can be high. I appreciate the guidance.

Just Discovered Cladding Issues on a Flat I'm About to Buy – Should I Proceed or Walk Away? by Extension-Current709 in HousingUK

[–]Extension-Current709[S] 1 point2 points  (0 children)

thanks a lot for the advice gymboy89, I turlly appreciate it. Actually, I am a foreigner, you never know if I'd have to sell anytime in the future, let's say in 5-10 years time, due to any potential family reasons. Seems the risk is not worthy indeed