Would A London Home Seller Lie?
Boiler Plan UK undertook a survey with 1,000 people and found that a number of sellers do not reveal the full picture, even though it is a legal obligation!
Some of the findings include:
47% of sellers in Britain do not reveal problems that they have with their neighbours.
13% of sellers in Britain do not reveal surface damage to their property.
13% of sellers in Britain do not reveal an increase in crime in their area.
10% of sellers in Britain do not reveal damp in their house.
6% of sellers in Britain do not reveal any central heating or boiler issues.
6% of sellers in Britain do not reveal structural damage in their home.
“47% of sellers in Britain do not reveal problems that they have with their neighbours.”
This is why it is so important to get a full structural survey when buying a property that is not brand new!
The regions most likely to hide issues with their neighbours were as follows:
East of England - 54%
West Midlands - 54%
East Midlands - 53%
South West - 52%
Yorkshire & The Humber - 48%
South East - 46%
North East - 43%
London - 42%
North West - 34%
Bear in mind that a seller will always try and paint their property in the best possible light…