We went sale agreed 2 weeks back after the top bidder backed off from the property. Here are the sequence of events:
1. We were not made aware of any pyrite during viewings or while we were going sale agreed.
2. We got the home survey done and we had specifically asked to 'check for asbestos, pyrite or other undesirable materials.' (as suggested by our solicitor). The home survey came out to be good with answer 'None apparent on inspection'.
3. The solicitor received a report of pyrite remediation work carried last year. The report states "removal of hardcore", "placement of new hardcore", "repair of rising walls", etc as work carried out and claims exemption from "non-complaint installation of timber flooring". I have no idea what this means and the report does not state whether it was carried out under "Pyrite Remediation Scheme" by "Pyrite Resolution board" or the construction company was privately hired. No green certificate was provided. I have asked the surveyor for their opinion and have so far not received anything (its been 2 days).
4. The contract from seller's solicitor says "The purchaser is put on notice of remediation for reactive pyrite in the sub-floor hardcore of the subject property and shall conclusively accept and resume that all remedial workers required have been done. and shall accept the certificate of <construction engineer> in Documents Schedule as conclusive evidence thereof. No objection, requisitions or enquiries shall be raised in relation to this matter and any requisitions or enquiries will not be entertained in relation to the same."
I am a bit disappointed to discover pyrite remediation work and feel this should have been bought to my notice before going sale agreed. Otherwise seller has something to hide. We had to let go of other another property we were top bidders on because of this. The remediation report and solicitor verbiage is all a bit too much for me to understand. The house is otherwise in perfect condition and perfect for us. The perfect condition could because remediation was recently carried out and I dont know if the house condition will deteriorate over the years or not.
Suggestions on how to proceed please. Should we just backout? Should I talk to solicitor for advice? Should I try asking surveyor opinion once again? Should I ask if the remediation work was carried out by Pyrite Resolution board? Should we ask for pyrite green certificate? If the seller is not willing to provide it, should we just back out or negotiate on the price?
P.S. - Sorry about the new account. Had to create one to hide my identity and the house's location.