If the survey identifies defects to the building can I reduce the price I have agreed with the vendors?
Often when a survey identifies issues that you did not previously know about, or if the survey identifies defects that you were aware but that are much more serious or expensive than expected, purchasers often feel the need to talk again about the purchase price with the vendor and sometimes reach an agreement.
However it is not the role of the Chartered Building Surveyor carrying out the survey to advise you as to how you should proceed with you negotiations, and most surveyors will be reluctant to become involved. It is the role of the surveyor to advise you on the condition of the property (or in the case of a flat the remainder of the building also), so that you can form a view as to how expensive any essential works may be, both immediately and in the future. This means that you will have the information you require in order to make an informed decision about buying the property and its value to you.