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Selling a house with subsidence?

Posted on Tuesday, 8th March 2016 by

Firstly what is subsidence?  

Subsidence is when the foundation of a property gradually starts to move, this can be caused by the earth constricting or expanding due to the amount of water that is either absorbed or lost.

Factors which can increase subsidence are:

  • drought;
  • rain;
  • frost; and
  • leaking drains

rain

 

 

 

 

 

 

The severity of subsidence can vary but it only usually leads to minor cracking, it is very rare, but in some situations wide cracks can appear in walls and floors.

Can I sell a house with subsidence?

selling a house

 

 

 

 

 

 

Selling a house with subsidence can sometimes be problematic as if the issues increases, the buyer will have to bear the cost once they own the property. Additionally, buyers can be put off by the increased insurance premiums.

However, subsidence does not always hamper your sale. It is possible to renegotiate at a lower price with purchasers to compensate for the problem.

If you decide to deal with the issue yourself before selling the property, it is important to have a Certificate of Structural Adequacy to demonstrate this.

For complete peace of mind, we would recommend talking to a specialist conveyancer whenever you are buying or selling a house, whether subsidence is present or not. Why not get in touch with our residential conveyancing team in Leicester. They would be more than happy to help.

The information provided in all of our blogs reflects only a narrative of some elements to consider on the topic. The blogs do not contain considered legal advice and should not be relied upon as advice. Please see our website terms and conditions for full details of our disclaimer.  If you are interested in obtaining advice, please contact one of our solicitors who will be happy and able to advise you on your own particular circumstances.

Talk to our legal team

The information provided in all of our blogs reflects only a narrative of some elements to consider on the topic. The blogs do not contain considered legal advice and should not be relied upon as advice. Please see our website terms and conditions for full details of our disclaimer. If you are interested in obtaining advice, please contact one of our lawyers who will be happy and able to advise you on your own particular circumstances.

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Douglas Wemyss - Commercial Property
Douglas Wemyss - Commercial Property
douglas.wemyss@ehlsolicitors.co.uk 0116 266 5394
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