Property News · January 15, 2015

Is it worth buying a house that has evidence of subsidence?


I love the property but am worried that insurance may prove to be very expensiveQ I am interested in a property which has been underpinned at the bottom of the driveway, due to the drains collapsing. The estate agents say they have all of the documentation associated with the underpinning work, which I can look at. The side wall of the house has been pointed where the wall must have slipped just above the underpinned area. The patio has a manhole in it and the slabs look a bit wonky.I would love the property but I have never bought one that has been underpinned and would appreciate your advice. I am aware insurance companies charge an excess to insure underpinned properties so have already looked into this. My main concern is, how stable is the property after underpinning, and if there is a guarantee, is it as good as if it hadn’t been underpinned? Would you buy one if you liked it? TB Continue reading…

Source : theguardian.com
Read more…Is it worth buying a house that has evidence of subsidence?

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