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

["christopher purves" <CHRIS_PURVES@xxxxxxx>]

Hi,

You can certainly get mortgages on properties with subsidence (I did
through
Barclays although many providers turned me down as the problem had not been
rectified and the property was thus uninsured for subsidence). The
insurance
company (More Than) insured everything except subsidence until the works
were completed and signed off and now we have full insurance again (incl
subsidence).

It is important to have a completion certificate signed off by a surveyor.

I take the opinion that I am glad the work has been done. Many houses in
our
area have had subsidence and I am sure many will get it as all the houses
are built on clay (this is in Wimbledon). The mess from underpinning is
unbelievable so you don't wan't to have to do it after you move in.

Chris


----Original Message Follows----
From: "Gary" <questuk1@xxxxxxx>
Reply-To: ukha_d@xxxxxxx
To: ukha_d@xxxxxxx
Subject: [ukha_d] Re: [OT] Advice please, may buy house its under pinned,
would it be mortgageable
Date: Tue, 17 May 2005 07:09:05 -0000

the agent selling property has been very upfront and told me that work
had been carried out and has all the paperwork available to me, but
obviously i can't make much sense of it at moment.

Any ideas welcome.

Regards


Gary



--- In ukha_d@xxxxxxx, "Alex Monaghan" <ha@m...> wrote:
>
> 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@h...]
> > 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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