The UK's independent property information site

Go Back   Home Move: property forum > Property Forums > Buying Property


Buying Property Discussions about buying a house, such as flats, detached homes, and other housing.

Reply
 
LinkBack Thread Tools
  #1 (permalink)  
Old 17-05-2012, 04:28 PM
Junior Member
 
Join Date: May 2012
Posts: 2
Default Natural Ground Subsidence - results from a HomeBuyers report??

Help please!

I have tried searching the internet for guidance on this issue but don't seem to be able to find anything, more than likely I am typing in the wrong search word or not looking in the correct place!

I am looking to purchase a flat and I have had the HomeBuyers report come back detailing the results of the environmental searches.

On the secton 'Natural Ground Subsidence' it has come back as 'moderate-high risk'. It does not explain whether this is on the property itself or within a search radius of the post code (and if it is then it does not detail how big a search area this is).

I am not sure if a) do I need a propert survey or is this just a generic comment within the report for the area? I have done a similar search on the internet (just a free post code search) and typed in my existing post code and it came up with the same result. This was not identified within our searches when we bought the property. b) do I need consider some insurance companies will not insure the property or have inflated premiums?

I don't know whether I am over-reacting to this result or whether I should just walk away from the property?

Grateful for any advice on how to read this report/result correctly!

Many thanks
Nicke (Confused )
Reply With Quote
  #2 (permalink)  
Old 18-05-2012, 01:36 PM
Senior Member
 
Join Date: Apr 2007
Location: Hampshire
Posts: 553
Default Re: Natural Ground Subsidence - results from a HomeBuyers report??

Not clear what you mean by a Homebuyer's Report - that is something normally provided by a surveyor who would not carry out an environmental search,

However, in general the comments on Environmental Searches are related to the geological conditions in the general area rather than this specific property so I wouldn't worry too much about it unless your survey report actually reports symptoms of susbsidence. Do not make a meal of telling the insurance companies about it. They will have their own records of dodgy areas.
__________________
RICHARD WEBSTERwww.rwco.co.uk
As a conveyancing solicitor I want to be helpful (England/Wales only) but can't accept liability for this.
Reply With Quote
  #3 (permalink)  
Old 18-05-2012, 04:28 PM
Junior Member
 
Join Date: May 2012
Posts: 2
Default Re: Natural Ground Subsidence - results from a HomeBuyers report??

Hi Richard,

Thanks for your comments.

The homebuyers report is part of the search pack that our solicitors have carried out not part of the valuation/survey our mortgage company is carrying out. We have not had this back yet but guess as it is a standard valuation it won't look into this?

I believe you are correct in that it is for the area rather than the property as I have done several 'free post code searches' on multiple post codes within the area and they all say the same.

Thank you again
Nicke
Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


 

» Property Boards
Buying Property Selling Property Estate Agents Solicitors & Legal Builders & Developments
Property Development Home Improvements Buying Property Abroad


All times are GMT +1. The time now is 01:14 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.

Important Notice: HomeMove.co.uk does not provide professional advice on any aspect of buying, selling, developing or investing property. All posts are provided as lay opinions and not personal professional guidance. You should always seek a qualified professional for professional advice in relation to your personal circumstances. The HomeMove.co.uk forums are not monitored, and the site administrators cannot be held liable for the content of the forum. If you have any objection to any post on the forums, please either use the Report Post feature, or else Contact Us to ensure such content is properly dealt with. We are not responsible for third party links on the site.