We are about to purchase a 3 bed property that comes with a conservatory. There has been a subsidence claim in regards to the conservatory in 2001 which was then fully rebuild in 2002 including piled raft foundations for ca 15k. I have a final report from the engineers that it was finished in 2002.
My concern however is that the local search has revealed the following: "piled raft to existing extension completed unsatisfactorily" that is dates 2004 - two years after the completion of the conservatory
What does that mean and what do I need to do?
The sellers solicitor responded to this as follows, which I believe is an interpretation rather than fact: "it appears that there was no final inspection and as a consequence no completion certificate was issued. The council have closed its file. May we suggest that our client at his expense an appropriate indemnity policy to cover this point".
What do you suggest I do? Should I renegotiate the price, just accept the indemnity policy or even follow up with the council? Does it impact the sellability of the property when I decide to sell at a later point?
Thanks so much for your help.