underpinned property

michelleee_2

I have just found out (through a survey) that the property I am in the process of buying was underpinned 20 years. There is a very large weeping willow tree (about 12 metres tall) in the neighbours garden that is about 5 or 6 metres away from the property.I have been informed that this tree has a preservation order on it. I don't know if the tree was the original cause of the subsidence but I am assuming it was. The property is built on clay soil. I am now investigating the likelihood of getting buildings insurance. I am planning to live there about 5 years and then sell up. Should I continue with the purchase or cut my losses and run.

G_M

The tree might/might not be the cause. You need to know.

So on a practical level, you need to see documentation relating to the works from 20 years ago and/or need a structural engineers report (NOT a survey).

On a financial level, you will always have limited choice of insurers and more expensive premiums because you'll always have to declare this history.

And you'll have reduced choice of buyers when you come to sell as some buyers will be put off.