Lack of Diligence Costs House Purchaser
10th February, 2017House buyers often regard any inspection of a property beyond that undertaken by the surveyor acting for their mortgage provider as unnecessary. A recent case shows why this is a risky approach to take. Under British law, the purchaser of a property takes it 'as it is' once they have contracted to buy it. Therefore, as well as satisfying oneself of the condition of the property, it is also sensible to ensure that you are aware of the exact boundaries of the land and whether any rights have been granted...