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ktcoil
Posts: 559
Forumite
Hi Guys
The Solicitor has come back with the Drainage, Mining and Enviornmental search, we currently wait for Local search.
Each one has come back with this is satisfactory for my purposes apart from the below which we are unsure of? also still await local search.
This is the email response,
Environmental Search – this is not satisfactory for my purposes. In this regard whilst I have raised enquiries of the seller’s solicitors to ascertain if they are able to fulfil any of the criteria set by the environmental specialists in order that a ‘Passed Certificate’ may be issued. I must point out that in the event that suitable documentation cannot be provided, that indemnity insurance will be required. Insurance of this kind is usually limited to the cover of loss of value of your property, in the event of matters arising due to contamination of the known source or costs associated with a ‘clean up’ that may be required. The policy is not assignable to a future purchaser and will not cover for matters associated with health or otherwise.
The Solicitor has come back with the Drainage, Mining and Enviornmental search, we currently wait for Local search.
Each one has come back with this is satisfactory for my purposes apart from the below which we are unsure of? also still await local search.
This is the email response,
Environmental Search – this is not satisfactory for my purposes. In this regard whilst I have raised enquiries of the seller’s solicitors to ascertain if they are able to fulfil any of the criteria set by the environmental specialists in order that a ‘Passed Certificate’ may be issued. I must point out that in the event that suitable documentation cannot be provided, that indemnity insurance will be required. Insurance of this kind is usually limited to the cover of loss of value of your property, in the event of matters arising due to contamination of the known source or costs associated with a ‘clean up’ that may be required. The policy is not assignable to a future purchaser and will not cover for matters associated with health or otherwise.
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Comments
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Is this a new property or one that has been built in the last 20 years or so?0
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You haven't told us what the environmental search says i.e. why it has failed.
What your solicitor is saying is that you can insure against costs resulting from the site being contaminated. Which in theory covers you, but you might want to know more about what the background is before going ahead e.g. whether it's something which might put off purchasers/lenders in the future.0 -
So there are 2 issues
1) there might be a future expense (eg clean-up or loss of property value). You can insure against this
2) there might be health risk. You cannot insure against this, but as you don't say why the search failed, we cannot comment. If the property was built, for example, on the site of an old nuclear power station, you might want to think twice......0 -
It's probably solicitors' and Environmental Survey Companies' makework, but as others say, you need to know what nit-picking potenetial fault was actually identified on your Environmental Search (or previously, when your seller had an SE done when they bought).
For example, our kids ES was a failure because it found a long gone "historic tank" on an old map, 50 metres from the end of their garden. Turned out it was nothing; a central heating fuel tank for a long demolished Council building. The remedy was either for the Council to issue some kind of clearance certification, at a cost of a few quid, taking a couple of months due to pressure of work; or a fifty quid "Indemnity" to satisfy their lender and protect against the infinitesimal risk (hence my snide remark above!).
So what is it? Nuclear waste dump or and old baked bean factory?0 -
sorry this is what was on the attachement,
Contaminated land- In need of further assessment,
Groundsure considers there is a High
Potential Risk* that the site may be
identified as Contaminated Land**. You
may wish to either clarify the risk with
further enquiries or insure the risk.
Please see the Overview and Guidance
Section for further details.
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Sorry,
groundsure considers there is high potential risk* the the site may be identified as contaminated land** you may wish to either clarify the risk with further enquiries or insure the risk.
The following potentially contaminative historical land uses of particular concern were identified by this report:
1. Cotton mills on site between circa 1851 and 1891,
2. Unspecified mills on site between circa 1908 and 1965.
In view of the type and location of land use disclosed by this environmental report Groundsure was initially unable to certify this
property. An environmental consultant has gathered and reviewed additional information on the site and presented this for further
assessment. Furthermore our Risk Assessment Team has personally reviewed the site information in detail and concluded that
additional enquiries may help clarify this risk. Alternatively, you may wish to consider insurance as an option. Groundsure cannot
confirm that Contaminated Land issues will not impact the security of the property in normal lending scenarios.
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An environmental consultant has gathered and reviewed additional information on the site and presented this for further
assessment.
How concerned are you about buried waste from a mill?
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As soon as I saw cotton mills, my mind connected it with arsenic.
Found this on a search
https://www.ncbi.nlm.nih.gov/pubmed/12231419Make £2024 in 2024
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Total £279.03/£2024 13.8%Make £2023 in 2023Water sewerage refund: £170.62,Topcashback: £243.47, Prolific: to 31/12/23 £975, Haggling: £45, Wombling(Roadkill): £6.04, Chase CB £149.34, Chase roundup interest £1.35, WeBuyBooks:£8.37, Misc sales: £406.59, Delay repay £22, Amazon refund £3.41, EDF Smart Meter incentive £100, Santander Edge Cashback-Fees: £25.14, Octopus Reward £50, Bank transfer incentives £400Total: £2606.33/£2023 128.8%0 -
thanks, I wasn't too fussed but then if its a case of struggling to maybe sell in future as well as danger to our health.0
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