To anyone thinking of buying a cheap house with some 'issues'

[.]

economy, try harder to buy one that has no 'issues'

poor, stupid, buggers.

[Lobster]

Sounds like it wasn't false economy at all; they simply didn't get round to sorting out the buildings insurance.

It seems they bought the house with known subsidence issues, and problems with the insurance then; but went on to spend a stack more on doing the place up before getting round to applying for a new policy (which apparently they had done, but it hadn't been processed... methinks possibly posted on the day of the storm??!)

Stupid buggers indeed.

Oh OK, poor stupid buggers.

David

[Hugo Nebula]

On Sat, 09 Dec 2006 12:30:07 GMT, a particular chimpanzee named "." randomly hit the keyboard and produced:

Avaricious, conniving insurance companies more like. They cherry-pick applicants, weeding out those whose houses had 'a history of subsidence', even if the houses have no continuing movement or have been underpinned.

[Dave Plowman (News)]

Sounds like they paid cash for the property since they'd only just recently moved in - or don't building societies insist on insurance these days?

[dom]

I had a burglary within a week of moving to a new house. I had buildings insurance from the moment of ownership - but had only arranged contents insurance over the phone - I hadn't actually posted the cheque.

The insurance company (Standard Life) honoured the verbal contract made over the phone and paid out without quibbling (and I was perfectly clear with them that the cheque hadn't been posted at the time of the burglary).

[dom]

Yes, building soc's do. But the checks aren't very thorough.

Even if they had issues with subsidence, they could have insured with an exclusion relating to subsidence.

[.]

at the moment of acceptance you're 'on risk' (subject to t's n c's)

quite right although I'm shocked that the ins co. didn't try to worm out of it's responsibilities by pointing out that moving a lot of boxes into a property is advertising items for theft hence aiding and abetting the thief. claim denied.

[Guy King]

The message from "." contains these words:

£500k gets you a nice country house with a couple of dozen acres in Shropshire.

[Staffbull]

Likewise on Anglesey, few years back and it would have got you a 10-11 bed mansion with 70 - 80 acres !! they have hit 1.5 - 2 Million now,