Dub1 is right, the builder may not have the money. I know of one who left his subbies unpaid and now has two bodyguards to keep them at bay.
What happens when he cant pay the bodyguards?
The OP undertook the snag at the request of the Builder. He received a professional opinion and he would be crazy to accept anything else and at a lesser cost. No one has seen the extent of te dampness so it could be far worse than already mentioned. He has purchased a completed house, not a half finished ruin.
I cannot believe a solicitor has offered this advice. Did he tell you the builder could still come after you if you did this. Today there is a thread on this very subject.The solicitor at one stage suggested maybe pulling out and completely risking the whole deposit. His point is that even if this was lost house prices have dropped by so much that it would not make a massive difference.
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