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  • FIRST POST
    tuna_salmon
    Moderate-High Risk of Natural Ground Subsidence
    • #1
    • 12th Sep 11, 8:58 PM
    Moderate-High Risk of Natural Ground Subsidence 12th Sep 11 at 8:58 PM
    Hi,

    I tried searching for similar issues on subsidence but can't find any (probably used the wrong keywords). Anyway, I am in the process of buying a house and I asked for an environmental search. The search report (from GroundSure) came back stating that there is a moderate-high risk of natural ground subsidence.

    I have checked the house and found no obvious cracks. I also had a Homebuyer Report done and the survey found no signs of subsidence. I have asked people who live around the area and no one knew of any subsidence issue within their neighbourhood.

    This has given quite a bit of stress as my wife and I do like the house and it took us a while to find this house. I am not sure whether to walk away from the deal (after having spent the money on survey and searches) or to spend more money on a full structural survey. Also I am not sure how this will affect my home insurance policy. Anyone faced similar issue? How did you solve it (apart from walking away from the deal)?

    Thanks.
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