 You don't need to be an 'investor' to invest in Singletrack: 6 days left: 95% of target - Find out more
Right have found a house we love and have started the purchase, just had the heads up from our solicitor that in 2004 the property was underpinned,all with correct building regs etc, now has anyone got any experience of insuring said properties, I know its going to cost more and some insurance wont touch you until the subsidence was 10+ years ago.
will be ringing specialists in the morning but looking for some real life experiences as this place is the font of all knowledge
cheers
I bought an under pinned place about ten years after it was done. We were given a follow up report done a few years after the work that gave it the all clear.
Never had any subsequent issue with the house or insurers. This was c. 1999 though. If it's an older house then it has almost certainly improved the foundations considerably.
Why did it subside is a good question to ask! You might get lucky and find they have the original surveyors report. Was handy when I bought to understand what has happened
cheers, they have all relevant paper work so will find out in time
Insurance companies have a strange view of underpinning; they don't like it, but don't tend to pay any attention to why underpinning was necessary. If it was shoddy construction, there's a risk of other problems; if it was mining, it could happen again, but sometimes it's clear that the underpinning has fixed the problem - so the risk is lower than a non-underpinned house. So the question is; why was the one you're looking at underpinned, ie, what caused the subsidence?
I nearly bought an underpinned house (the reason I didn't had nothing to do with the underpinning). It was cheap because of the underpinning; the one next door was also for sale, not underpinned and at full price. When I found the original drawings, there had been a pond in the original field, under both houses. As a structural engineer, I'd much sooner have the one that had been underpinned (properly) than the one that was still waiting for the problem to surface.
well its thrown a bloody spanner in the works, we love the house,planning on being a long term home..balls..will find out more tomorrow
whereabouts in the country, may shed some light on possible causes. Mining risk areas etc
whereabouts in the country, may shed some light on possible causes. Mining risk areas etc
yorkshire, below barnsley so could be mining related, not sure till i see the paper work or ring solicitor
Coal authority mining records search will tell you if there's workings under the property. Not silly money to do.
https://www.groundstability.com/public/web/home.jspx
https://www.groundstability.com/public/web/log-order?execution=e1s2
yeah we have paid the 30 odd quid for that search to be done via the solicitor
I wouldn't mate, you'll have trouble selling. Regardless of when & why as soon as potential buyers hear 'underpinned' they'll just click to the next one. Also limited choice of insurance for you & future buyers. I work in the industry 15 years so have a little experience.