Subsidence - Buying House

ruggedtoast

islandzoom wrote: »

We found a difference in insurance premiums between the movement vs underpinning.
If you have had underpinning it seems to cost £400-£700 more per annum.

If we had to claim on subsidence i guess we would have to pay and excess and following on from that a higher premium for house insurance as would anyone we sell to..

Can you tell us which Surveys we may need to have carried out for mortgage company and insurer and how much they cost?

Thanks

A structural survey would probably cost about as much again as your buildings survey. Depends on the price you get and the engineer.

jellies

I wouldn't consider buying a property unless it was a sound investment.

jellies

I know the above was a bit short but I wouldn't be able to bring myself to buy a risky property. Not at any price.

islandzoom

Thanks for all your replys.

We are thinking of asking them to supply as much/information/insurance or documentation/surveys as possible.

We will then re-assess, most likely ask for them to complete surveys at there cost.