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

["Alex Monaghan" <ha@xxxxxxxxxxxxxx>]

If they've done the job properly, then the cause of the problem will have
been found (hopefully documented), resolved and then the underpinning will
be the resolution to the problem.

If you've not got the full facts as to why they've had the work done, then
I
guess you need to start digging (paper work, not under the house !) to find
out why.

Several of the houses in the area of our last house had been underpinned,
but they sold OK, so I guess it depends on the buyer / lender / insurance
company.

> -----Original Message-----
> From: Gary [mailto:questuk1@xxxxxxx]
> Sent: Monday, May 16, 2005 10:20 PM
> To: ukha_d@xxxxxxx
> Subject: [ukha_d] [OT] Advice please, may buy house its under
> pinned, would it be mortgageable?
>
> 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
>
>
>
>
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