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5 major problems you can have with a property 5 major problems you can have with a property
(35 minutes later)
The average price of a house in the UK has reached £254,000 according to the Office for National Statistics.The average price of a house in the UK has reached £254,000 according to the Office for National Statistics.
Buying a property is a massive investment which, very occasionally, can go badly wrong. Here are five situations every home owner will want to avoid.Buying a property is a massive investment which, very occasionally, can go badly wrong. Here are five situations every home owner will want to avoid.
Bryony Neerop-Reading lived in her Norfolk home for years, despite the coastal erosion nearby. Bryony Nierop-Reading lived in her Norfolk home for years, despite the coastal erosion nearby.
In December 2013 her home hung off a cliff after a tidal surge.In December 2013 her home hung off a cliff after a tidal surge.
Since then Bryony has been living in a caravan while she considers her options.Since then Bryony has been living in a caravan while she considers her options.
Obviously this an unusual problem but should you find yourself in a similar situation:Obviously this an unusual problem but should you find yourself in a similar situation:
In 2008 Tony and Shirley Pearson from Kent bought a holiday home in Spain.In 2008 Tony and Shirley Pearson from Kent bought a holiday home in Spain.
They spent around 110,000 euros on the property but ended up in a legal dispute over where it had been built.They spent around 110,000 euros on the property but ended up in a legal dispute over where it had been built.
In March 2014 a court ordered their home to be demolished.In March 2014 a court ordered their home to be demolished.
Before the couple were evicted they sold the lodge for the value of its materials. They gave their furniture to charity.Before the couple were evicted they sold the lodge for the value of its materials. They gave their furniture to charity.
Caroline and Jeremy Langfords' home in Moorland, Somerset was flooded in February 2014.Caroline and Jeremy Langfords' home in Moorland, Somerset was flooded in February 2014.
The family were woken up by a fireman in the early hours warning them that flood water was getting into their house.The family were woken up by a fireman in the early hours warning them that flood water was getting into their house.
They moved in with nearby family while their insurer arranged temporary accommodation. They are now working with their insurance company to restore their home.They moved in with nearby family while their insurer arranged temporary accommodation. They are now working with their insurance company to restore their home.
Laura Sheridan and the residents of a suburban street in Nottingham were kept awake at night by the noise of clucking, crowing and quacking for around six years.Laura Sheridan and the residents of a suburban street in Nottingham were kept awake at night by the noise of clucking, crowing and quacking for around six years.
Her neighbour had birds in a back garden and the local residents found the sound, smell and conditions disturbing.Her neighbour had birds in a back garden and the local residents found the sound, smell and conditions disturbing.
They tried to speak to the neighbour but it didn't help.They tried to speak to the neighbour but it didn't help.
The residents built a legal case by taking pictures and recordings.The residents built a legal case by taking pictures and recordings.
In September 2013, the neighbour was banned from keeping animals.In September 2013, the neighbour was banned from keeping animals.
Rachel Kelly has been trying to buy a property in London for over a year and has been gazumped (when a buyer thinks they have agreed a deal to buy a house only for another buyer to step in and outbid them) on three different properties.Rachel Kelly has been trying to buy a property in London for over a year and has been gazumped (when a buyer thinks they have agreed a deal to buy a house only for another buyer to step in and outbid them) on three different properties.
The first time, Rachel had an offer accepted on a property but a different estate agent listed it at £36,000 more. The seller got a higher offer which they accepted.The first time, Rachel had an offer accepted on a property but a different estate agent listed it at £36,000 more. The seller got a higher offer which they accepted.
The second time, Rachel had an offer accepted on a different property, had paid for surveys and was in the process of arranging a mortgage. However, she was told the seller had accepted a cash offer instead and completed the sale within three weeks.The second time, Rachel had an offer accepted on a different property, had paid for surveys and was in the process of arranging a mortgage. However, she was told the seller had accepted a cash offer instead and completed the sale within three weeks.
On the third occasion her solicitor said contracts were being sent out to multiple buyers and whoever exchanged first would get the property. Someone else beat her to it.On the third occasion her solicitor said contracts were being sent out to multiple buyers and whoever exchanged first would get the property. Someone else beat her to it.
Gazumping is legal if you live in England, Northern Ireland or Wales. In Scotland once an offer is made on a house and accepted, it is legally binding.Gazumping is legal if you live in England, Northern Ireland or Wales. In Scotland once an offer is made on a house and accepted, it is legally binding.