Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • dunsford123
    • By dunsford123 19th May 17, 4:57 PM
    • 2Posts
    • 0Thanks
    Cant get buildings insurance
    • #1
    • 19th May 17, 4:57 PM
    Cant get buildings insurance 19th May 17 at 4:57 PM
    Looking for some guidance if possible.
    Actually posting on behalf of my brother and sister in law.
    They have agreed to purchase a house and are due to move in within the next 10 days. I've just heard it's falling through as they can't obtain building insurance
    Apparently, the surveyor report highlighted some issues, but stated that if rectified all would be good. However the word "susbsidence" appeared in the report which appears to have excluded a host of insurance providers from offering to provide building insurance
    Has anyone come up against this before and if so, do you have any advice to offer ?
    Many Thanks indeed
Page 1
    • G_M
    • By G_M 19th May 17, 5:00 PM
    • 40,140 Posts
    • 45,849 Thanks
    • #2
    • 19th May 17, 5:00 PM
    • #2
    • 19th May 17, 5:00 PM
    Properties with 'subsidence' can be ininsured, but

    a) you need a specialist insurer or broker and
    b) the premiums will be higher
    • hazyjo
    • By hazyjo 19th May 17, 5:16 PM
    • 9,170 Posts
    • 11,528 Thanks
    • #3
    • 19th May 17, 5:16 PM
    • #3
    • 19th May 17, 5:16 PM
    So current subsidence which needs sorting? Did the valuer know before they valued it? Does their lender know?

    Have they exchanged?! Will presume not. Also presume they have had specialists round to give a ballpark figure on costs. Can be very pricey - up to tens of thousands worst case scenario.
    2017 wins: Opera tickets; film preview; lipstick; Ideal Home Show tickets + afternoon tea & bottle of Champagne; 2 cases of NKD; notebook; bath rack; books; film Premiere; Broadchurch DVDs; lipbalms; hamper (food/wine/Echo Dot/Jo Malone goodies)
    • Surrey_EA
    • By Surrey_EA 19th May 17, 5:16 PM
    • 1,032 Posts
    • 1,163 Thanks
    • #4
    • 19th May 17, 5:16 PM
    • #4
    • 19th May 17, 5:16 PM
    Usually whoever the current insurance provider will continue to provide cover to a new owner.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,263Posts Today

8,392Users online

Martin's Twitter
  • Byebye! I'm about to stop work & twitter, to instead spend glorious time with Mrs & mini MSE. Wishing u a lovely summer. See u in 10 days.

  • WARNING Did you start Uni in or after 2012? The interest's rising to 6.1%; yet it doesnt work like you think. See RT

  • RT @JanaBeee: @MartinSLewis Boris is the anomaly (coffee), the others are versions of normal (beer). Lots of same candidates = vote share d?

  • Follow Martin