Quote Originally Posted by B. Oddie View Post
Sorry lads - I should have said that I have already stated my intention to get the Home Buyers Report. He paused and seemed a back taken aback before saying something along the lines of "It won't make any difference".
In many ways you are lucky because you know the property well. However, you do need a proper survey and valuation to secure a mortgage, to ensure the house is sound, and that you are not overpaying.

Both of you will save on agents fees, so that's good. Can he sell the house should you decide not to buy it? ie what tenants rights do you have. It may be more difficult to sell to someone else with you in situ.

So, I would invest in a survey, check that you can secure a mortgage, then make him an offer based on market conditions and market value. Personally I'd go less and be willing to move up as you'll always need some headroom to negotiate

If you can't agree then start looking around to buy elsewhere, as in time he's going to ask you to move out.