[OT] Advice please, may buy house its under pinned, would it be mortgageable?

["Gary" <questuk1@xxxxxxxxxxx>]

Hi,

I have found a house (1950's) detached i like, but it was underpinned
in 1992.

Not knowing much about this subject, i did a few searches on the
newsgroups, it seems in there opinion, a lot of mortgage and insurance
companies avoid these?

As with everything you read on the net you have to get a balanced
opinion.

Is it just that the people that have had problems, are going to put
there complaints online, and those that have no problems, obviously
wouldnt have posted on the newsgroups? So distorting the facts and
making things sound worse than they are?

I am in the lucky position of being able to buy the house without a
mortgage, but thinking ahead when i come to sell it in the future,
will i then find that i cant sell, do to the next person being refused
a mortgage or insurance on it?

Your help will be much aprreciated as i have had to put every penny i
have into buying this house and I love the house, but want to make a
informed descion, with all the facts known.



Regards


Gary